Multiple Choice Questions on The sum lent at 5 per annum i e 365 days simple interest that produces interest of Rs 2 0........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The sum lent at 5 per annum i e 365 days simple interest that produces interest of Rs 2 0...........

Quant (SSC) Simple Interest
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    The sum lent at 5% per annum (i.e. 365 days) simple interest, that produces interest, of Rs. 2.00 a day, is

    1400

    Incorrect Answer

    14700

    Incorrect Answer

    14600

    Correct Answer

    7300

    Incorrect Answer
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    Explanation:

    Let the sum be x,
    Annual interest = 365 × 2 = ? 730
    So, 5% of x = 730
    ⇒ x = 730 × 100 /5 = 730 × 20  =  ? 14600

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