The sum of money that will give Rs.2 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.2 as interest per day at the rate of 8% per annum at simple interest is:

Options:

9120

3650

9125

7300

Correct Answer:

9125

Explanation:

SI = \(\frac{PRT}{100}\)

SI = 2 Per day

SI for 365 days = Rs.730

730= \(\frac{P\;×\;8\;×\;1}{100}\)

P = Rs.9125