Math, asked by ufjvkh95, 9 months ago

Mr Jane denotes $1 lakh to a school and the intrest on it is used to be for awarding five scholarships of equal value of each scholarship is $1,500, find the rate of interest.

Answers

Answered by nasir1952sah
4

Answer:

Hi ,friend

Here is your answer

Principal ( P ) = Mr.Jane donated amount

P = Rs 100000

Each scholarship value = Rs 1500

Value of 5 scholarships = 5 × 1500 = Rs7500

Interest ( I ) = value of 5 scholarships

I = Rs 7500

Rate of intersest per annum = R %

Time ( T ) = 1 year

We know that ,

I = ( PTR ) / 100

R = ( I × 100 ) / ( P × T )

R = ( 7500 × 100 ) / ( 100000 × 1 )

R = 75 / 10

R = 7.5 %

Rate of interest = R = 7.5 %

Step-by-step explanation:

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Answered by randhirkr073
0

Answer:

7.5%

Step-by-step explanation:

p=rs 100000

Each scholarship value=rs 1500

Value of 5 scholarships =5×1500=7500

SI (simple interest)=rs 7500

R (rate of interest)=R%

T=1 years

We apply the formula

SI = P×R×T/100

7500 = 100000×R×1/100

7500×100/100000×1

R =75/10

R =7.5%

HOPE THIS IS HELPFUL FOR YOU

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