Question

sarah invested £12000 in a unit trust 5 years ago,
the value of the unit trust 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

Answer 1

what is
12000(.97)^2 (1.07)^3 ?

Answer 2

just need the answer please

Answer 3

is it
13831.71

Answer 4

This answer is correst

Answer 5

How to work it out???

Answer 6

13832

Answer 7

Same man helps for asking this

Answer 8

whats the working out for that question?

Answer 9

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Answer 10

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Answer 11

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Answer 12

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Answer 13

Thank You For Your Answer But I Actually Already Knew It. So Really You Did Not Need To Do This. I Am Just Checking My Answer And It Was Correct As It Always Is. So Thanks, I Guess. Not That I Needed It Anyway. -.-

Answer 14

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Answer 15

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Answer 16

increase of 7% = 100% + 7 = 107% divided by 100 = 1.07
1.07^3 = 1.225043

decrease of 3% = 100% - 3% = 97% divided by 100 = 0.97
0.97^2 = 0.9409

12000 x 0.9409 = 11290.80
11290.80 x 1.225043 = 13831.7155

rounded to the nearest whole number of pounds = £13832

Answer 17

bro its literally 13831

Answer 18

jk its 13832

Answer 19

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Answer 20

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