Teargass
JF-Expert Member
- Apr 23, 2018
- 31,094
- 33,301
I can see the lessons are closely getting into your head. First and foremost 15% of 1M is 150k.haya tuseme ni 15% annually, wewe umewekeza mil 1 ofwhich najua kabisa hauna hio 1M but tuchukulie kama mfano kwa mwaka umepata 100k, sasa tuseme ata serikali ikisema inaweka ata 1% interest on unga mwaka mzima utakua umelipa kiasi gan kwenye unga na utakua umepata how much on the interest? na pia hio rate alone ni for 15 years, how much would you have earned to conclude that your bond was a profit vs tuseme hakukua na hio increase at all, who is winiing and who is loosing 🤣
One bale of 2kg maize flour which is among the most expensive ones is 1840, 1% of that bale is 18 shillings only, most family in Kenya are 4-6 at most, meaning that bale watamaliza nayo almost 3-4 months with it.
In real sense they will only get a tax of 3*18=54 on the lower side or 4*18=72 on the higher side per year.
Sasa ebu niambie, What's 54 or 72 shillings per year compared with 150k per year? After 15yrs interest earned will 2.25M but only 810 will be the 1% on Unga after those 15yrs.
You are an idiot.