Question

A tennis club deposits 10,000 in a company. Which pays interest at the rate of 12% p.a?

Every year, this interest amount is distributed equally as prizes to the best 10 tennis players

of the club. What will be the prize amount that each player will receive?
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Answer 1

Answer:

120

Step-by-step explanation:

12% of 200 = 12/100×10000 =1200

The company gets 1200 in the form of interest every year

1200 is distributed between 10 tennis players every year

1200/10=120

Thus,each tennis player gets 120

Answer 2

12/100*10000 =1200

The money distribute to each player

1200/10 =120