Question
A man loses Rs.55.50 yearly when the annual rate of interest falls from 11.5% to 10%. His capital (in rupees) is
Answer: Option B
Answer: (b)Using Rule 1,Let his capital be x.According to the question,${x × 11.5}/100 - {x × 10}/100$ = 55.50or (11.5 - 10)x = 5550or 1.5x = 5550or $x = 5550/{1.5}$ = Rs.3700
Was this answer helpful ?
Answer: (b)Using Rule 1,Let his capital be x.According to the question,${x × 11.5}/100 - {x × 10}/100$ = 55.50or (11.5 - 10)x = 5550or 1.5x = 5550or $x = 5550/{1.5}$ = Rs.3700
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution