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
13832
is it
13831.71
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
How to work it out???
I NEED THE WORKING OUT PLEASEEEEEE
Same man helps for asking this
whats the working out for that question?
jk its 13832
what is
12000(.97)^2 (1.07)^3 ?