A money lender finds that due to fall in the annual rate of interest 8% to 734%, his yearly income diminishes by 61.50. His capital is?
Question
Solution 1
The problem is about the change in interest rate and its effect on the yearly income of a money lender.
Step 1: Understand the problem The annual rate of interest has fallen from 8% to 7 3/4% (or 7.75%). This decrease in interest rate has caused the money lender's yearly income to decrease by 61.5 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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