Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.

Correct answer:

x =  12045.2

Step-by-step explanation:

q=1+(3.5/100)(110/100)=1.0315 x=10000q6=100001.03156=12045.2

Did you find an error or inaccuracy? Feel free to write us. Thank you!

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: