Question

Mr Jain donate 1 lakh to school and interest on it is to be used for awarding 5 scholarship of equal value if the value of each scholarship is 1500 find the rate of interest ​

Answer 1

Answer:

heya ur answer is here

Step-by-step explanation:

Principal(P)=Mr.Janedonates

P=Rs.100000

Eachscholarshipvalue=Rs.1500

Valueof5scholarship=5×1500

Rs=7500

Interest(i)=valueof5scholarships

I=Rs.7500

Rateofinterestperannum=R%

Time(T)=1year

weknowthat

I=(PTR)/100

R=(1×100)/(P×T)

R=

(100000×1)

(7500×100)

R=

10

75

R=7.5%

RateofinterestRs.7.5%

hope it helps uh.....

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