Maths

Sarah invested £12000 into a unit trust 5 years ago. The value of the unit trust has increased by 7% per annum for each of the last three years. Before this the, the price decreased by 3% each annum. Calculate the current price of the unit trust.

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  1. amount after first 2 years
    = 12000(1.03)^2 = 12,730.80
    amount of that after 3 years at 7%
    = 12730.80(1.07)^3 = 15,595.78

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    Reiny
  2. This is bs

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