Question

A money lenders income decreased by rupees 60when the rate of interest dropped from 8% per annum to 7 whole 3 upon 4 percent per annum.What was his principal?

Answer 1

Hey!

Decrease in interest rate=8%-7.75%=0.25%

0.25%=60 Rupees
So 100% = 24000 Rupees
Hope it Helps!

Answer 2

Answer:

Hope this will help you!!