Deposited 7096

Mr. Novák deposited CZK 50,000 a year in the bank at an annual interest rate of 4%. How much will pre-tax interest be after one year?

Correct answer:

u =  2000 Kc

Step-by-step explanation:

r=4%=1004=251=0.04  u=50000 r=50000 0.04=2000 Kc



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