Bank account CZ

We will deposit CZK 6,600 into the bank for 1 year with an interest rate of 2.5%. The interest tax is 15%. How many crowns will we receive after one year?

Correct result:

b =  6740.25 Kc

Solution:

a=6600 Kc p=2.5%=2.5100=0.025 d=115/100=1720=0.85  u1=a p=6600 0.025=165 Kc u2=u1 d=165 0.85=5614=140.25 Kc  b=a+u2=6600+140.25=269614=269614 Kc=6740.25 Kc



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