a certain sum of money to Rs.8,880 in 6 years and Rs.7,920 in 4 years.then the rate percent is
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8860=p(1+r/100)^n= p(1+r/100)^6
similarly 7920=p(1+r/100)^4
dividing both equations, 1.11=(1+r/100)^2
on solving 1.11^1/2= 1+r/100
hence r=5.35%
similarly 7920=p(1+r/100)^4
dividing both equations, 1.11=(1+r/100)^2
on solving 1.11^1/2= 1+r/100
hence r=5.35%
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