Question

13. Kanwar donates ₹5000 to a school, the interest on which is to used for awarding 5 scholarships
of equal amount every year. If donator earns an interest of 10% per annum, find the value of each scholarship.
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Answer 1

Answer:

Given : kanwar donation=5000₹

so,

kanwar's total interest = value of 5 scholarships

the total interest of kanwar= prt/100

= 5000×1×10/100

=500 ₹

therefore total scholarship= 500₹

so,

scholarship of 1 student = (500/5)₹

=100₹