If 1000 yuan is deposited in the bank for a fixed period of one year, 2052.06 yuan (after tax) will be obtained one year later. What is the annual interest rate of one year's fixed deposit? (the interest tax is 5%)

If 1000 yuan is deposited in the bank for a fixed period of one year, 2052.06 yuan (after tax) will be obtained one year later. What is the annual interest rate of one year's fixed deposit? (the interest tax is 5%)

Suppose the one-year interest rate is x, then
2000 + 2000*x*(1-5%)=2052.06
The solution is x = 2.74%
The annual interest rate of one-year deposit is 2.74%