A man loses Tk. 55.50 yearly when the annual rate of interest falls from 11.5% to 10% his capital is:
A man loses Tk. 55.50 yearly when the annual rate of interest falls from 11.5% to 10% his capital is: Correct Answer Tk. 3700
Let, His capitat = x x×11·5100 - x×10100 = 55·50⇒x·115 - ·10 = 55·50⇒x×·015 = 55·50∴x = 3700