EXERCISE 1. One deposited the amount of USD850 in a bank. The simple interest rate is 1.95% per year. What will be the balance after 3 years? Conduct calculation including also present inflation (1=5.8%) and capital gains tax (19%). EXERCISE 2. What was the annual simple interest rate, if the initial capital of EUR900 increased after 8 years to the amount of EUR11007 EXERCISE 3. After how many years the principal capital of PLN750 will be doubled with the simple annual interest rate 2.5%? EXERCISE 4. Calculate the amount of interest a depositor who has made a bank deposit of EUR 5500 for 3 years will get. The annual simple rate for deposit is 2.15% in the first year and will increase by 0.25pp every next yor. Increase