<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
Based on the information the number of people that will there after 20 years is: d.) 2.97 million.
Using this formula
P(t) = Population ×(1+ rate)^t
Where:
Population=2 million
rate=2%
time=20 years
Let plug in the formula
P(t) = 2×(1+.02)^20
P(t) = 2×(1.02)^20
P(t) = 2×1.485947
P(t) = 2.97 million
Inconclusion the number of people that will there after 20 years is: d.) 2.97 million.
Learn more about population here:brainly.com/question/25630111
Are there any answer choices?
Answer:
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Step-by-step explanation:
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