Question

Randhir donates 5000 to a school the interest of which is to be used for awarding 10 scholarship of the equal value every year it if the donation on an interest of 11 per annum find the value of each scholarship

Answer 1

Simple interest =(5000*11*1)/100=550
This amount is distributed among 10 students as scholarships. Each student will get 500/10=55.
Every year school will get 550. This interest will will be distributed equally among 10 students.

Answer 2

Answer:

Step-by-step explanation:

:My symbols : (--------) means divide (÷)

Here,

Principal (P) = ₹5000

Rate of interest = 11%

Time = 1 year

【 Note : Because , the interest of which in to be used for awarding 10 scholarships of equal value every year .】

Now ,

Simple interest (SI) = P×R×T

______

100

= ₹ ( 5000×11×1)

-----------------------

100

= ₹ 550

Hence,

The value of each scholarship = ₹550

-------

100

= ₹ 55