You tell your dad that you want ₹800₹800₹, 800 as pocket-money every month. He can deposit some money in the bank such that the interest he gets will be equal to the money you need. His bank offers him an interest rate of 6\%6%6, percent per annum. How much money should he deposit in the bank?
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Answer:
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i did this in khan academy
but i don't know steps
the answer is 160000
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