Question

Ajit donates Rs 5000 to a school, the interest of which is to be used for 10 scholarship of equal value everyear. If the donation earns an interest of 11% p.a find the value of each scholarship.


Please give step by step explanation..​

Answer 1

Step-by-step explanation:

P = ₹5000

R =11%

T = 1year

Therefore S.I = ₹(5000×11×1)/100

= ₹ 55000/100

= ₹ 550

Total no. of scholarships given= 10

Value of each scholarship = ₹ 550/10 = ₹55

Hope this helps.

$\tt\blue{\boxed{{\tt\red{Itzintellectual}}}}$

Answer 2

Step-by-step explanation:

P = ₹5000

R =11%

T = 1year

Therefore S.I = ₹(5000×11×1)/100

= ₹ 55000/100

= ₹ 550

Total no. of scholarships given= 10

Value of each scholarship = ₹ 550/10 = ₹55

Hope this helps.

$\tt\blue{\boxed{{\tt\red{Itzintellectual}}}}$

Answer 3

Step-by-step explanation:

P = ₹5000

R =11%

T = 1year

Therefore S.I = ₹(5000×11×1)/100

= ₹ 55000/100

= ₹ 550

Total no. of scholarships given= 10

Value of each scholarship = ₹ 550/10 = ₹55

Hope this helps.

$\tt\blue{\boxed{{\tt\red{Itzintellectual}}}}$