Answer:
351,830,000 Yuan
Explanation:
Investment value = C$ 15.1 billion
Value in Yuan in June 2012 = C$ 15.1 billion x 6.3698 Yuan/C$
Value in Yuan in September 2012 = C$ 15.1 billion x 6.3465 Yuan/C$
The difference in Yuan if Cnooc has purchased Nexen in September instead of June is:
Cnocc saves 351,830,000 Yuan
The compound interest amount after 5 years be $6,083.26.
<h3>What is compound interest?</h3>
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.
Compound interest is when you receive interest on both your interest income and your savings.
If this value was compounded in 5 years, then we are going to utilize the compound interest formula to solve it.
Where A be the amount accumulated for the entire period.
p be the Money invested
r be the Interest rate per year
n be the period the money was invested.
The exponential function is
= 5000 1.216652902
= 6,083.264512
The amount after 5 years be $6,083.26
The compound interest amount after 5 years be $6,083.26.
To learn more about compound interest refer to:
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