The fourth choice is the correct one.
Answer:
The value of Mary's investment after two years = £12362.7
Step-by-step explanation:
P = Principal / initial amount
R = rate of interest per cent per year
T = number of years
A = final amount at the end of T years
Then:
A = P*(1 + R/100)^2
In our example:
P = £12000
R = 1.5 per cent per year
T = 2 years
Thus:
A = 12000*(1 + 1.5/100)^2
= 12000*(1 + 0.015)^2
= 12000*(1.015)^2
= 12000*(1.030225)
= 12362.7
Value of investment after two years = £12362.7
The probability would be 39.9%
The given probability states that 39.9% of the 3 years olds are in daycare. Therefore, it would be obvious to assume that if you randomly selected a 3 year old, that would be the probability that he/she is in daycare.
80 = 3y+ 2y+4+1
Simplfy like terms:
80 = 5y + 5
-5 -5
75 = 5y
5 5
y = 15
The answer is A. hope this helps
