Henry plans to buy Pepsee for people to drink at his birthday party. The grocery store has a sale
1 answer:
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Answer:
2415 Chinese yuan (rounded off to nearest yuan)
Step-by-step explanation:
£0.13 = 1 Chinese yuan
£314 = ×1 Chinese yuan
= 2415 Chinese yuan (rounded off to nearest yuan)
Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)