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

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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.	Rs. 24000
B.	Rs. 25000
C.	Rs. 20000
D.	Rs. 18000
Answer» B. Rs. 25000

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