Question

The sum of money that will give Re. 1 as interest per day at 5% per annum simple
interest is:
1) Rs. 3650
2) Rs. 36500
3) Rs. 730
4) Rs. 7300
5) Other than those given as options​

Answer 1

Answer:

We have to find sum of money that will give 1 Rs. as interest per day at % per annum . P = 365 × 100/5 = 7300 Rs. hence, sum of money = 7300 Rs

Answer 2

Answer:

Rs.730

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