Aptitude Question ID : 92934

A money lender finds that due to fall in the annual rate of interest 8\% to 7\frac{3}{4}\%, his yearly income diminishes by 61.50 Rs. His capital is:
[A]23800 Rs.
[B]26000 Rs.
[C]22400 Rs.
[D]24600 Rs.

24600 Rs.
Difference in rate =
\left ( 8-7\frac{3}{4} \right )\% = \frac{1}{4}\%
Let the capital be rate x Rs.
\therefore  \frac{1}{4}\% of x = 61.50
=> x = 61.50\times 100\times 4
=> 24600 Rs.
Hence option [D] is the right answer.

Comments