Due to a fall in the rate of interest from 10% to 812% p.a. a money lender’s yearly income diminishes by Rs. 90. His capital is
Explanation:
Interest accumulated = (PRT)100
P×10100-P×8.5100=90
⇒ P = 6000
Hence, option (a).
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.