Bank

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)⋅(1−10/100)=1.0315 x=10000⋅q6=10000⋅1.03156=12045.2

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