Mrs Asha donated rupees 75,000 to a children welfare trust with a condition that the interest on his sum is to be used for awarding five scholarships of equal value every year to the physically handicapped children. If donation earns an interest of 10% per annum, find the value of each scholarship
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12
Answer:Rs1500
Step-by-step explanation:1.calculate SI
(75000x10x1)/100=Rs7500 this is to be distributed among five people
7500/5=Rs1500.
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0
Answer:
Mrs Asha donate ₹= 75,000
At the rate of = 10%
Time period = 1year
So, interest is =
P×R×T/100
75000 × 10 × 1/100
In 75000 two zero will cut from 100.
750 × 10 × 1 = 7500
Five scholarship of equal value =
7500/5 = 1500₹
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