The sum of money, that will give Rs.1 as interest per day at the rate of 5% per annum simple interest is
Options:
A . Rs.36500
B . Rs.3650
C . Rs.7300
D . Rs.730
Answer: Option C Answer: (c)Using Rule 1,The sum of money will give Rs.365 as simple interest in a year.S.I. = $\text"PRT"/100$365 = ${P × 5 × 1}/100$P = ${365 × 100}/5$ = Rs.7300
Submit Comment/FeedBack