Simple Interest Practice Test 1

Question : 12 of 40

Marks: +1, -0

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. What is his capital?

Solution:

Let his capital = Rs. x; then

{x×8×1}/100-{x×31×1}/{100×4}=61.50

∴x=400×61.50=24600

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