A money lender finds that due to fall in the annual rate of interest 8% to 7$3/4

Question

A money lender finds that due to fall in the annual rate of interest 8% to 7$3/4$% , his yearly income diminishes by Rs.61.50. His capital is

Options:

A . Rs.23800

B . Rs.22400

C . Rs.26000

D . Rs.24600

Answer: Option D
Answer: (d)Difference in rate= $(8 - 7{3}/4)% = 1/4$%Let the capital be Rs.x.$1/4$% of x = 61.50x = 61.50 × 100 × 4 = Rs.24600

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