Question

manoj donates 2000 to school the interest on which is to be used for awarding 5 scolarships of equal value every year if the donated earns an interest of 10%p. a find the value of each scholarship. what value depicted from this

Answer 1

RUPEES 200 OF EACH SCHOLARSHIP (200*10*1/100)

Answer 2

Answer: The value of each scholarship = 40,

The value depicted from this = 200

Step-by-step explanation:

Here, the principal amount, P = 2000,

Annual rate of interest, r = 10 %,

Time, t = 1 year,

Thus, the total depicted value for scholarship,

$S.I.=\frac{P\times r\times t}{100}$

$=\frac{2000\times 10\times 1}{100}=\frac{20000}{100}=200$

Since, the total number of scholarship holder = 5,

Thus, the amount, each scholarship holder will get

$=\frac{200}{5}=40$