11. Mrs Asha donated 375,000 to a Children Welfare Trust with the condition that the interest
on this sum is to be used for awarding five scholarships of equal value every year to the
physically handicapped children. If the donation earns an interest of 12% per annum, find
the value of each scholarship.
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Answer:Rs1500
Step-by-step explanation:1.calculate SI
(75000x10x1)/100=Rs7500 this is to be distributed among five people
7500/5=Rs1500.
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