A sum of money Rs 8000 amount to Rs 10,000 for 5 years what will be simple interest?
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Example 1: If Rs. 4000 is invested at 8% p.a. simple interest for 5 years, find the interest. ... The interest for 6 years will amount to 6Px/100. ... This way the first sum is 8000x3/5 = Rs. 4800.
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