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?
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Hey!
Decrease in interest rate=8%-7.75%=0.25%
0.25%=60 Rupees
So 100% = 24000 Rupees
Hope it Helps!
Decrease in interest rate=8%-7.75%=0.25%
0.25%=60 Rupees
So 100% = 24000 Rupees
Hope it Helps!
Answered by
9
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Hope this will help you!!
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