Randhir donates 5000 to a school the interest of which is to be used for awarding 10 scholarships of equal value every year .If the donation earns an interest of 11% per annum find the value of each scholarship.
Randhir donates 5000 to a school the interest of which is to be used for awarding 10 scholarships of equal value every year .If the donation earns an interest of 11% per annum find the value of each scholarship.
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R =11%
T = 1year
Therefore S.I = ₹(5000×11×1)/100
= ₹ 55000/100
= ₹ 550
Total no. of scholarships given= 10
Value of each scholarship = ₹ 550/10 = ₹55
Hope this helps.
Answer:
550/10
55
Hopeit help you
Thanks my friends
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