Discussion :: Simple Interest
- A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is?
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Answer : Option C
Explanation :
Let the capital be Rs. x. Then,
(x * 8 * 1)/100 - (x * 31/4 * 1/100) = 61.50
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