The sum of money that will give Rs 1 as

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The sum of money that will give Rs 1 as interest per day at the rate of 10% per annum simple interest is:

Options:

3450

3780

3650

3550

Correct Answer:

3650

Explanation:

SI of 1 year = 365

SI = \(\frac{PRT}{100}\) ⇒ 365 = \(\frac{P × 10 × 1}{100}\) ⇒ P = 3650