Question

The sum of money that will give re 1 as interest per day at 5% per annum simple interest is

Answer 1

We have to find sum of money that will give 1 Rs. as interest per day at % per annum .

so, simple interest = 365 Rs. per annum
use formula, S.I = P × r × t/100

365 = P × 5 × 1/100

P = 365 × 100/5 = 7300 Rs.


hence, sum of money = 7300 Rs.

Answer 2

HEY MATE !


HERE'S YOUR ANSWER


ANSWER :-

₹ 7300


EXPLAINATION :-

As we know that ,


To find :-

Sum of money that will give ₹ 1 as interest per day at _ % per annum .

So,

Simple interest = ₹ 365 per annum

So ,

Use formula ,

S.I = P × R × T / 100

365 = P × 5 × 1 / 100

P = 365 × 100 / 5 = ₹ 7300