A money lender finds that due to reducing the interest rate decrease from 8- to 734- his yearly income diminishes by Rs- 61-50- Find his capital-

Difference in rate =(8 734)%=14% Let the capital be rate Rs. x ∴ #160; 14% of x=61.50 ∴ x = 61.50× 100× 4 #160; #160; #160; ...

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Standard VIII

Mathematics

Commission and Brokerage

A money lende...

Question

A money lender finds that due to reducing the interest rate decrease from $8 %$ to $7 \frac{3}{4} %$ , his yearly income diminishes by Rs. $61.50$ . Find his capital?

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Solution

Difference in rate $= (8 - 7 \frac{3}{4}) % = \frac{1}{4} %$

Let the capital be rate Rs. $x$

$∴ \frac{1}{4} %$ of $x = 61.50$

$∴ x = 61.50 \times 100 \times 4$

$= 24600$ Rs

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A money lender finds that due to reducing the interest rate decrease from 8% to 734%, his yearly income diminishes by Rs. 61.50. Find his capital?

Difference in rate=(8−734)%=14%Let the capital be rate Rs.x∴14% of x=61.50∴x=61.50×100×4 =24600 Rs

A money lender finds that due to reducing the interest rate decrease from $8 %$ to $7 \frac{3}{4} %$ , his yearly income diminishes by Rs. $61.50$ . Find his capital?

Difference in rate $= (8 - 7 \frac{3}{4}) % = \frac{1}{4} %$

Let the capital be rate Rs. $x$

$∴ \frac{1}{4} %$ of $x = 61.50$

$∴ x = 61.50 \times 100 \times 4$

$= 24600$ Rs