Question

what is the sum that yields the daily interest of rs five at 10% p.a.

Answer 1

Step-by-step explanation:

365×5=p×1×10/100

1825=p/10

18250=p

Answer 2

Answer:

Rs. 18,250

Step-by-step explanation:

Interest(I)= Rs. 5

Rate(R)= 10%

Time(T)= 1 day=1/365

Principal(P)= ?

We have,

P= I×100/T×R

 = 5×100/1/365×10

 = 500×365/10

 = Rs. 18,250