Question

p= 5000 t= 10year amount= 8000 r=??
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Answer 1

Answer:

P=5000

T=10 Years=12×10= 120 months

Amount= 8000

S.I. = A-P

S.I.=8000-5000 = 3000

S.I.=P×100

R×T

3000= 5000×100

R × 120

R= 0.72 %

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