Interest p.a.

Calculate the value of the interest in the period of 1 year from the deposit 62000 CZK at 8 percent interest rate after deducting 15 percent tax.

Final Answer:

x =  4216 Kc

Step-by-step explanation:

q=8%=1008=252=0.08 m=100%15%=110015=0.85 a=62000 CZK  x=a q m=62000 0.08 0.85=4216 Kc



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