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. 65.50, his capital is?
Choose the correct answer:
A) 24,602	B) 26,200	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) = 65.50   32x - 31x = 6550 * 4   x = 26,200.   Answer: 26,200
<result>B</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. 65.50, his capital is?