<span>The "official" proven reserves number is 265 billion barrels. There's two schools of thought on that.
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Answer:
Amount after 8 years is Rs. 23803.12
Explanation:
The amount received in two years = Rs 15000
It is given that the amount received in two years is invested for six years that earns the interest rate of 8% per year. Now, we have to find the total amount after eight years. Here, in the first two years, there is no interest rate earned. So only six years will be used to count the interest rate.
Amount after 8 years = Present value (1 + r)^n
Amount after 8 years = 15000 (1 + 8%)^6
Amount after 8 years = 15000 (1 + 0.08)^6
Amount after 8 years = 23803.12
small points for bigg questions
The curve that shows the relationship between the total sales revenue and quantity sold is called the demand curve
The company accepts the pricing. Additionally, in this scenario, all businesses sell the same kinds of commodities. As a result, although the revenue fluctuates, the price does not. Here, the average revenue curve runs parallel to the X-axis in a straight line. Additionally, in this case, AR = MR.Price multiplied by the number of tickets sold equals total revenue (TR = P x Qd). Consider that the band initially considers a price that will result in the sale of a specific number of tickets. An increase in supply will result in a loss in total revenue when demand is inelastic, but a decrease in supply would result in an increase in total income. A rise in supply will result in an increase in total revenue when demand is elastic, while a fall in supply will result in a loss in total income.
Learn more about revenue here brainly.com/question/27035271
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