If the Inflation Rate Was 8%, and the Tax Rate

question 200

Essay

If the inflation rate was 8%, and the tax rate was 20%, and you deposited money in a bank account that pays 12%, what is your after tax real interest rate? Show you work.

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Definitions:

NC Pushbutton

A Normally Closed pushbutton switch that makes contact (closes) when at rest and breaks the circuit when pressed.

Ladder Logic

A programming language that represents electronic switching circuits; widely used in programming PLCs.

Control Process

A method or procedure in automation or management used to direct, monitor, and regulate the behavior and operations of a system to achieve desired results.

Limit Switch

An electromechanical device used to detect the presence or absence of an object when it reaches a designated point.