Q. The sum of money, that will give 1 rupee as interest per day at the rate of 5% per annum simple interest is :
Answer: 7300 Rs
Notes: The sum of money will give 365 Rs. as simple interest in a year. $latex => S.I. = \frac{PRT}{100}&s=1$ $latex => 365 = \frac{P\times 5\times 1}{100}&s=1$ $latex => P = \frac{365\times 100}{5} = 7300 Rs.&s=1$ Hence option [C] is correct answer.

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