Beginning 34991

At the beginning of the year, the company had CZK 5,000,000 in its account. He has the money saved at a 16% interest rate. How much was the interest for the first year? How much was the interest for the second year?

Correct answer:

u1 =  800000 Kc
u2 =  928000 Kc

Step-by-step explanation:

a=5000000 q=16%=10016=254=0.16  u1=q a=0.16 5000000=800000 Kc
u2=q (a+u1)=0.16 (5000000+800000)=928000 Kc



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