Question

8. Due to fall in the rate of interest from 12% to 10.5% pa money lender's yearly income diminished by 90 the capital​

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Given Due to fall in the rate of interest from 12% to 10.5% pa money lender's yearly income diminished by 90 the capital is

• Let the capital be Rs m
•       We have S.I = P x R x T / 100
• So SI1 – SI2 = 90
•      P x 12 x 1 /100 – P x 10.5 x 1 / 100 = 90
•              12 P / 100 – 10.5 P / 100 = 90
•                             1.5 P / 100 = 90
•                             1.5 P = 9000
•                                P = 9000 / 1.5
•                                 P = Rs 6000
• Therefore Capital is Rs 6000

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