Answer:
Secure a future for upcoming generation
<h2>○=> <u>Correct answer</u> :</h2>
Money in Alex's account after 16 years =
<h3>○=> <u>Steps to derive correct answer</u> :</h3>
Money invested by Alex = £3045
Percentage of compound interest per annum = 2.25%
We know that :
In this case :
Principal = £3045
Rate = 2.25% = 0.0025
Number of times interest is compounded per year = 1
Time = 16 years
Which means :
Money Alex will have in the account after 16 years :
Therefore, the money in Alex's account after 16 years = £4347.11
Answer:
The ratio is 3 : 2.
Step-by-step explanation:
42 cm : 28 cm
= 21 : 14 (Divide both sides by 2)
= 3 : 2 (Divide both sides by 7)