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

 Dowaload Image Click here