Practicing Success
The sum of money that will give Rs.1 as interest per day at the rate of 10% per annum at simple interest is: |
9125 7300 3257 3650 |
3650 |
SI = \(\frac{PRT}{100}\) SI = 1 Per day SI for 365 days = Rs.365 365= \(\frac{P\;×\;10\;×\;1}{100}\) P = Rs.3650 |