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  1. The sum of money, that will give 1 as interest per day at the rate of 5% per annum simple interest is
    1. ₹3650
    2. ₹36500
    3. ₹730
    4. ₹7300
Correct Option: D

According to question ,
The sum of money will give ₹365 as simple interest in a year.

⇒ S.I =
PRT
100

⇒ 365 =
P × 5 × 1
100

P =
365 × 100
= ₹7300
5



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