Diana invests $25,000 in a bank at the beginning of the year. She will receive 7% interest at the end of the year, but she will have to pay a 16% tax on the interest received.
A.) How much interest will Diana earn after she pays the tax?
B.) What percent of Diana's investment is the interest after paying the tax?
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Home » Mathematics » Diana invests $25,000 in a bank at the beginning of the year. She will receive 7% interest at the end of the year, but she will have to pay a 16% tax on the interest received. A.) How much interest will Diana earn after she pays the tax? B.