Question

The sum of money that will give Re.1 as simple interest per day at the rate of 5% per annum,is?​

Answer 1

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ℍℰℛℰ ⅈՏ ℽ⌾Ⴎℛ ᗅℕՏᗯℰℛ

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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

P = ₹ 7300

$<marquee>YOUR ANSWER IS ₹ 7300 ....$

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