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If the rate of interest rises from 6 1/2 to 8% a man's annual income increases by Rs. 4050. Find the capital.

Correct Answer: Rs . 270000

Explanation:

Due to the rise in the rate of interest, annual income increases by Rs . (8 - 61/ 2) = Rs , 11/ 2 < sub> , when the capital is Rs . 100
Thus, the required capital = (100 x 2 x 4050) / 3 = Rs. 270000
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