A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4%to 3.75%diminishes his net yearly income by Rs. 48. What is his capital ?

A person who pays income tax at the rate of 4 paise per rupee, find th

1.	A person who pays income tax at the rate of 4 paise per rupee, find that fall of interest rate (income tax) from 4%to 3.75%diminishes his net yearly income by Rs. 48. What is his capital ?
A.	s. 24000
B.	s. 25000
C.	s. 20000
D.	s. 18000
Answer» D. s. 18000

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A person who pays income tax at the rate of 4 paise per rupee, find that 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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