Question

Dr sharma donated rs 50000 to a school in memory of his mother on condition that the intrest 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 sinple interest of 5 percent find the value of each scholarship

Answer 1

Answer:

Step-by-step explanation:

total money dr sharma donated = rs 50000

interest on money = 5%

money left = 50000 - 5% of 50000

                  = 50000 - 5/100 * 50000

                  = 50000 - 2500

                  = rs 47500

money for 10 student scholarship = rs 47500

money for 1 student scholarship = 47500 % 10= rs 4750

hence each student will get rs 4750 as scholarship

Answer 2

Answer:

rs 47500 is the answer.