Maths Simple Intrest Solution

Binsachivaly Exam Maths  Prepataion

Example

Show the amount at which 5% per annum is earned at a rate of 1% per day at a simple interest rate?



Answer

Formula

5% = 5/100
      = 1/20

Per day ₹1 interest , then principal = 20
Then 1 year = 365 rupees interest

                 1=365

Then, Principal = 20 × 365

                 = 7300. Ans

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