Urmumsttashkid Urmumsttashkid

16-01-2023
Mathematics

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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.

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