# Bank

Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.

### Correct answer:

#### You need to know the following knowledge to solve this word math problem:

## Related math problems and questions:

- Compound interest

Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years? - Profitable bank deposit 2012

Calculate the value of what money lose creditor with a deposit € 9500 for 4 years if the entire duration is interest 2.6% p.a. and tax on interest is 19%. Annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative int - Deposit

If you deposit 719 euros at the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years? - Compound interest

Calculate time when the deposit in the bank with interest 2.5% p.a. doubles. - Annual interest

A loan of 10 000 euro is to be repaid in annual payments over 10 years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - If you 3

If you deposit $4500 at 5% annual interest compound quarterly, how much money will be in the account after 10 years? - Interest

Calculate how much you earn for $n years $x deposit if the interest rate is $p% and the interest period is a quarter. - Savings

The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua - The deposit

Deposit has been placed for one year at an annual rate of 4.5%. After the added interst amount rose to € 2,612.5. Determine initial deposit. - Future value

Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn? - Investment

1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years? - Compound interest 4

3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent? - Repay, interest, loan

Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r - Deposit 3

After a year, Martin had on bank account € 2028. What was the interest rate when the initial deposit was € 1879? - When will I be a millionaire?

Barry monthly send 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months must Barry save to save 1000000 euros? Inflation, interest rate changes, or bank failures are ignored. - Millionaire

Mr. Smith have gone withdraw from bank saving interest € 1,500. How big was his initial deposit if the annual interest rate is 1.5%? - Mr. Vojta

Mr. Vojta put in the bank 35000 Kč. After a year bank, he credited with an interest rate of 2% of the deposit amount. How then will Mr. Vojta in the bank?