Question

Mrs. Puran Devi donated * 1,00,000 to a trust
on the condition that interest earned will be used
for awarding 3 scholarships of equal value every
year.
If donation earns 12% per annum, find the
value of each scholarship.
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Answer 1

Answer:

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Answer 2

Answer:

according to question, that earned interest will be used for providing three scholarships equal value every year. =12000÷3 = ₹ 4000.