Math, asked by mathukpkfari, 1 year ago

Mr. Jane donates Rs 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 Rs 1,500, find the rate of interest. Get full solution

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Answered by Anonymous

1

by using the simple interest formula the rate of interest = 7.5 %

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