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. 60.50, his capital is? Choose the correct choice from the following answers:
A) 24,200
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) = 60.50   32x - 31x = 6050 * 4   x = 24,200.   24,200nswer: 24,200
<result>A</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. 60.50, his capital is?