Mrs Arsha donated rupees 75000 to a children's welfare trust with the condition that interest on the sum is to be used for awarding five scholarships of equal value every year to the physically handicapped children. if the donation on an interest of 12% per annum find the value of scholarship.
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interest per annum=Rs 75,000×12/100
=Rs 750×12=Rs 9000
value of total five scholarship=Rs 9000
value of each scholarship Rs 9000/5
=Rs 1800
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