Answer :

We have to express Y as a percentage.

We have this expression for Y:

[tex]Y=2(1+0.15)^2[/tex]

We first solve this expression:

[tex]\begin{gathered} Y=2(1.15)^2 \\ Y=2*1.3225 \\ Y=2.645 \end{gathered}[/tex]

Now, to express this as a percentage we multiply the number by 100%:

[tex]\begin{gathered} Y=2.645*100\% \\ Y=264.5\% \end{gathered}[/tex]

Answer: 264.5%

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