Sarah invested f12 000 in a unit trust five years ago.
The value of the unit trust has increased by 7% per annum for each
of the last 3 years.
Before this, the price had decreased by 3% per annum.
Calculate the current price of the unit trust.
Give your answer to the nearest whole number of pounds.
Answers
Answered by
7
Step-by-step explanation:
Sarah invested 12 000 in a unit trust five years ago.
The value of the unit trust has increased by 7% per annum for each
of the 3 years.
Before this, the price had decreased by 3% per annum.
Calculate the current price of the unit trust.
Give your answer to the nearest whole number of pounds!
Answered by
3
Answer:
£13832
Step-by-step explanation:
100-3%=0.97
12000x0.97^2=£11290.80
100+7%=1.07
11290.80x1.07^3=£13831.7155
Similar questions