Sarah invested $16 000 in a unit trust five years ago.
The value of the unit trust has increased by 6% per annum for each
of the last 3 years.
Before this, the price had decreased by 4% per annum.
Calculate the current price of the unit trust.
Give your answer to the nearest whole number of pounds.
please help!!
3 answers
16000 * 0.96^2 * 1.06^3 = _____
Thank you for the answer. Where did you get 0.96 from ?
nevermind :)