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Uncle Li deposited his 5000 yuan savings in the bank for two years, with an annual interest rate of 4.68%. After maturity, how much principal and after tax interest can Uncle Li get back
5000*0.0468=234*2=468*0.75=351
That's it
Uncle Li deposits 50000 yuan into the bank for two years at an annual interest rate of 3.90%. How much yuan can Uncle Li pay when it matures? (5% interest tax)
After tax interest = principal × interest rate × deposit term × (1-tax rate)
After tax interest = 50000 × 3.90% × 2 × (1-5%) = 3705 yuan
Sum of principal and interest = 50000 + 3705 = 53705 yuan
In December 2007, Uncle Li deposited 100000 yuan in the bank for two years. If the annual interest rate is 4.68%, and the interest tax is deducted after two years, can he buy a 6000 yuan color TV with the interest?
100000 × 4.68% × 2 = 9360 (yuan), 9360 × (1-5%) = 8892 (yuan), 8892 ＞ 6000; answer: the interest can buy a color TV with a price of 6000 yuan
In December 2007, Uncle Li deposited 100000 yuan in the bank for two years. If the annual interest rate is 4.68%, and the interest tax is deducted after two years, can he buy a 6000 yuan color TV with the interest?
100000 × 4.68% × 2 = 9360 (yuan), 9360 × (1-5%) = 8892 (yuan), 8892 ＞ 6000; answer: the interest can buy a color TV with a price of 6000 yuan
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