Question

Mr Jane donates 1 lakh to a school and the interest on it is to be used for awarding
five scholarships of equal value. If the value of each scholarship is 1,500, find the rate of interest.
For Class 7
Please reply ​

Answer 1

Answer:

the rate of interest is [(S.I.*100)/principle*time]

S.I.=1500*5=7500

rate%=[(750000)/100000]=7.5%

Answer 2

Step-by-step explanation:

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