Question

31. A sum of money that will give * 1, as interest
day at 10 % p.a. simple interest is -
(a) $3,800
(b) 3,000
(c) 3,650
(d) 3,500
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Answer 1

Step-by-step explanation:

(c)3650

let sum of money be p

given rate=10% p.a time=1yr

interest of money p earned in 1day=1

therefore interest earned in 1year=1×365=365

we get si =365

p=si×100/t×r

p=365 ×100/1×10

p=3,650