A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is? Choices
A) 24,602
B) 28,888
C) 24,600
D) 24,628
E) 24,6012
Let the capital be Rs. x. Then,   (x * 8 * 1)/100 - (x * 31/4 * 1/100) = 61.50   32x - 31x = 6150 * 4   x = 24,600.   Answer: 24,600
<result>C</result>
A money lender finds that due to a fall in the annual rate of interest from 8% to 7 3/4 % his yearly income diminishes by Rs. 61.50, his capital is?