A person who pays income tax at the rate of 4 paise per rupee, find that a fall of interest rate (income tax) from 4% to 3.75% diminishes his net yearly income by rs.48. What is his capital ?
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4x - 3.75 x = 4800
0.25 x = 4800
x = 19200
so capital is 19200
0.25 x = 4800
x = 19200
so capital is 19200
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