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Standard IX

Mathematics

Simple Interest

The sum of mo...

Question

The sum of money that will give $R s . 1$ as simple interest per day at the rate of $5 % p . a .$ is

R s . 730

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R s . 3650

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R s . 7300

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R s . 36500

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Solution

The correct option is A $R s . 7300$
Interest is paid Rs.1 per day then
Annual interest $= R s .365$ , Rate $= 5 % p . a .$ .
$∴$ Sum $= \frac{365 \times 100}{5 \times 1} = R s . 7300$ .

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Similar questions

Q. Tick (✓) the correct answer:
If the simple interest on a sum of money at 5% per annum for 3 years is Rs 1200 then the compound interest on the same sum for the same period at the same rate will be
(a) Rs 1225
(b) Rs 1236
(c) Rs 1248
(d) Rs 1261

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years at the same rate of interest?

Tick the correct answer in each of the following:

If the simple interest on a sum of money at $5 %$ per annum for 3 years is Rs 1200 then the compound interest on the same sum for the same period at the same rate will be

(a) Rs 1225 (b) Rs 1236 (c) R 1248 (d) Rs 1261

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The sum of money that will give Rs.1 as simple interest per day at the rate of 5%p.a. is

The correct option is A Rs.7300Interest is paid Rs.1 per day thenAnnual interest =Rs.365, Rate =5%p.a..∴ Sum =365×1005×1=Rs.7300.

The sum of money that will give $R s . 1$ as simple interest per day at the rate of $5 % p . a .$ is

The correct option is A $R s . 7300$
Interest is paid Rs.1 per day then
Annual interest $= R s .365$ , Rate $= 5 % p . a .$ .
$∴$ Sum $= \frac{365 \times 100}{5 \times 1} = R s . 7300$ .