pls explain me this question and... If u CAN i would like to get a solution with it too (fast plss)
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here 5000 becomes 6000 in 5 years so interest(I) = 6000-5000=1000
t=5
p= 5000
so R = I×100/PR
R = 1000×100/5000×5
R= 4%
so now Rs 8000
for 6 years and rate= 4% the amount will be
8000+( 8000×4×6)/100
=8000+1920
=9920
t=5
p= 5000
so R = I×100/PR
R = 1000×100/5000×5
R= 4%
so now Rs 8000
for 6 years and rate= 4% the amount will be
8000+( 8000×4×6)/100
=8000+1920
=9920
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