Interest p.a.

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

Correct answer:

x =  4216 Kc

Step-by-step explanation:

q=8%=8100=0.08 m=15%=115100=0.85 a=62000 CZK  x=a q m=62000 0.08 0.85=4216 Kc



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Michael John Santiago
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