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SSC CGL Tier II 12 Apr 2015 Paper

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QUANTITATIVE ABILITIES

The principal which gives ₹ 1 interest per day at a rate of 5% simple interest per annum is

₹ 5000
₹ 7300
₹ 36500
₹ 3650

Solution:

(2) Principal

= \frac{\text{S.I.} \times 100}{\text{Time} \times \text{Rate}}

= \frac{1 \times 100}{\frac{1}{365} \times 5} = \frac{365 \times 100}{5}

= Rs. 7300

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