The sum of money that will give Rs.3 as interest per day at the rate of 5% per annum at simple interest is:

22900 21900 19800 20900

21900

SI = \(\frac{PRT}{100}\) SI = 3 Per day SI for 365 days = Rs.1095 1095= \(\frac{P\;×\;5\;×\;1}{100}\) P = Rs.21900