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A money lender finds that due to fall in the annual rate of interest from 8% to 7 3\4 %, his yearly income diminishes by Rs.61.50. His capital is :
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Explanation:
Let initial capital= 100 units
According to the question,
1\4units=Rs.61.50
1 unit=Rs.61.50×4=Rs.246
100 units =Rs.24600
Hence,Required capital=Rs.24600