Question
A moneylender 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 :
Answer: Option C
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Let the capital be Rs. `x` , Then ,
`((x xx 8 xx 1)/(100) - (x xx 31/4 xx 1/100)` = 6150
`hArr 32x - 31x = 6150 xx 4`
`hArr x = 24600`
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