Question

5. Mrs. Puran Devi donated 1,00,000 to a trust
on the condition that interest earned will be used
for awarding 3 scholarships of equal value every
year. If donation earns 12% per annum, find the
value of each scholarship​

Answer 1

Answer:

p=100000 ,I=.12 r=3

I=pnr/100

=100000(.12).3

=36000

Step-by-step explanation:

so interest for three years is 36000

then interest for every is nothing but

=36000/3

=12000

so scholarship for every year is 12000