John deposits $10,000 he earned from his summer job in a savings account.The interest rate is now 1 percent,the tax rate on his interest income is 5 percent,and he expects prices to rise by 2 percent.What will be his interest income after one year?

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The Answer of John deposits $10,000 he earned from his summer job in a savings account.The interest rate is now 1 percent,the tax rate on his interest income is 5 percent,and he expects prices to rise by 2 percent.What will be his interest income after one year?

John Deposits $10,000 He Earned from His Summer Job in a Savings