How to calculate interest for Happy Henry in Weihai Commercial Bank?

Specific practices are as follows:

The interest calculation formula is periodic interest = principal × annual interest rate (percentage) × deposit period. If you have to pay taxes, this formula works out to be x (1-5%).

Let's give an example. You have 10000 yuan in your hand and saved it for three years. Then the interest you earn after three years is10000× 4.25 %× 3 =1275 yuan.