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Initial Savings = 13000 – 8000 = Rs. 5000 Next year, Income = 13000×(110/100) = Rs.14300 Expenditure = 8000×(120/100) = Rs.9600 Saving = 14300 – 9600 = Rs.4700 Required % = [(5000 – 4700)/5000]×100 = 6%
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