Q2 of 90 Page 133

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

Let’s suppose the capital of A man is = x


A person pays the tax at the rate of 4 paise per rupee


By using unitary mothed


How much a person pays in 100 rupees = 0.04 × 100


A person pay tax at the rate of 4%


With 4% income tax, his net income is 96% of his capital.


With 3.75% income tax, his net income is 96.25% of his capital.


So the percentage increase in income is 0.25% which is Rs. 48




x = 19200


So the capital of the man is Rs. 19200


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