Question

Mr Khan donated 80,000 to a trust on the condition that intrest earned on the money deposited by him in a 5 scholarships of euqal value every year .if the amount donated earns 12.5% p.a find value of each scholarship

Answer 1

Answer:

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Step-by-step explanation:

The value of each scholarship is Rs. 2000

Step-by-step explanation:

Amount donated = 80000 Rs.

Interest on amount = 12.5%

Interest earned each year

=\frac{80000\times1\times 12.5}{100}=

100

80000×1×12.5

=800\times 12.5=800×12.5

=10000=10000

Value of each scholarship

=\frac{10000}{5}=

5

10000

=2000=2000 Rs.