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  1. The sum lent at 5% per annum (i.e. 365 days) simple interest, that produces interest, of ₹2.00 a day, is
    1. ₹1,400
    2. ₹14,700
    3. ₹14,600
    4. ₹7,300
Correct Option: C

According to question ,
Annual interest = 365 × 2 = 730
We know that ,

Principal =
SI × 100
Time × Rate

Principal =
730 × 100
1 × 5

Principal = 14600



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