Answer Happy

QUESTION 1 - ANSWER ALL QUESTIONS IN THIS PART (Total 25 marks) 1. The price of a mobile phone decreases from 1990 to €880. Calculate the percentage change in price. Round your answer to I decimal place. (2 marks) ii. If two coins are flipped at the same time, what is the probability of observing Two Heads? (1 mark) - One Heads and one Tails? (2 marks) iii. The table below shows the average national price of a litre of petrol over 4 months in 2021. Using January as the base period, calculate a simple index of the prices (for each month), Use 100 as the base value for the index. Round your answers to 1 decimal place. (3 marks) January 129.9 February 133.8 March 138,9 April 142.9 iv. Use the prices from the table in part (iii) above. Calculate the percentage change in price from January to April. Give your answer to 1 decimal place. (2 marks) Peter deposits €15,000 into a 5-year deposit account. The account pays 2% annual interest. What will his account be worth at the end of 5 years if interest is compounded annually? (3 marks)