Practicing Success

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 at simple interest is:

Options:

9125

7300

3257

3650

Correct Answer:

3650

Explanation:

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

SI = 1 Per day

SI for 365 days = Rs.365

365= \(\frac{P\;×\;10\;×\;1}{100}\)

P = Rs.3650