Question

Mrs puran devi donated rupees 100000 to a trust on the condition that interest earned will be used for awarding 3scholarship of equal value every year if donation earn 12% per annum find the value of each scholarship​

Answer 1

Answer:

Mr Puran Devi donated rupees 1 lakh and

every year, she earns interests 12% per annum.

therefore, total earned interest is

=1,00,000×12%= ₹ 12,000

according to question, that earned interest will be used for providing three scholarships equal value every year.

the value of each scholarship is

=12000÷3 = ₹ 4000

Step-by-step explanation: