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  1. The principal which gives 1 interest per day at a rate of 5% simple interest per annum is
    1. 5000
    2. 7300
    3. 36500
    4. 3650
Correct Option: B

We can find the required answer with the help of given formula ,

Principal =
SI × 100
Time × Rate

Principal =
1 × 100
(1 ÷ 365) × 5

Principal =
365× 100
5

Principal = Rs. 7300



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