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    Question

    A money lender finds that due to fall in the annual rate

    of interest from 13% to 3(3/4)%, his yearly income decreases by Rs.129.50. Find his capital?
    A Rs. 1,250 Correct Answer Incorrect Answer
    B Rs. 1,535 Correct Answer Incorrect Answer
    C Rs. 1,400 Correct Answer Incorrect Answer
    D Rs. 1,015 Correct Answer Incorrect Answer

    Solution

    Difference in rate = (13 – 3 (3/4)) = 37/4 % Let the capital be Rs. x 37/4 % of x = 129.50 x= 129.50 × 100 × 4/37 = Rs. 1,400

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