Question

18. Dr Sharma donated 50,000 to a school in memory of his mother on condition that the interest due on
this money is to be used for awarding scholarship to 10 students of equal prize money every year. If the
donation receives a simple interest of 5% p.a., find the value of each scholarship.
Please solve step by step and fast.​

Answer 1

Answer:

50000×5×1÷100=2500

2500/10=250answer

Answer 2

Step-by-step explanation:

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