Solution:
Let the principal amount be Rs X. then, (X \times 13 \times 1)/100 - (X \times 12.5 \times 1)/100=208 X= 208/0.5%= 208*2 *100 X= 41600
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Thursday, November 5, 2015
JAIIB Question - A moneylender finds that due to a fail in the rate of interest
A money-lender finds that due to a fail in the rate of interest from 13% to 12.5%, His yearly income from interest falls by Rs. 208. His principal amount is ____
Solution:
Let the principal amount be Rs X. then, (X \times 13 \times 1)/100 - (X \times 12.5 \times 1)/100=208 X= 208/0.5%= 208*2 *100 X= 41600
Download the JAIIB FREE APP with detailed solution and answers.
Solution:
Let the principal amount be Rs X. then, (X \times 13 \times 1)/100 - (X \times 12.5 \times 1)/100=208 X= 208/0.5%= 208*2 *100 X= 41600
Download the JAIIB FREE APP with detailed solution and answers.
