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.
icinal will earn in
​

Answer 1

Answer:

4000₹

Step-by-step explanation:

Interest earned after 1 year = 12% of 1,00,000 = 12000₹

According to the question

This amount will be awarded 3 scholarships of equal amount

Then the value of each scholarship = 12000/3 = 4000₹

Answer 2

Answer:

4000 is the correct answer