lauren203
lauren203
04.05.2021 • 
Mathematics

you are starting a savings account or college. you put 1,000 as your starting balance. you earn simple interest at 10% every year you must also pay 30% income tax on the interest earned annually. Calculate the interest, balance, tax paid, and overall balance of the account after taxes. Determine the accounts balance for year 5 after taxes after been paid?

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