7494 thousand is the answer
Interest earned
7,500×0.055
=412.5
Deduct tax
412.5−412.5×0.2
=330
Add the remaining interest
330+7,500
=7,830
Calculate interest earned in the second year
7,830×0.055
=430.65
Deduct tax
430.65−430.65×0.2
=344.52
Add the remaining interest
344.52+7,830
=8,174.52. ...answer
Answer:
1.4
Step-by-step explanation:
