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    Question

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

    of interest from 14% to 7*2/5%, his yearly income decreases by Rs. 82.50. His capital is-
    A Rs. 1250 Correct Answer Incorrect Answer
    B Rs. 1535 Correct Answer Incorrect Answer
    C Rs. 1400 Correct Answer Incorrect Answer
    D Rs. 1015 Correct Answer Incorrect Answer

    Solution

    Difference in rate = (14 – 7*2/5 ) = 33/5 % Let the capital be Rs. x. ∴ 33/5 % of x = 82.50 ⇒ x = 82.50 × 100 ×  5/33  = Rs. 1250

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