Question

Randhir donates Rs. 500 to a school , the interest of which is to be used for awarding ten scholarships of equal value every year. If the donation earns an interest of 11 % per annum , find the value of each scholarship.​

Answer 1

Answer:

each student will get scholarship of 55.5

Step-by-step explanation:

$p = 500 \\ r \: = 11 \\ t = 100 \\ interest \: formula = \frac{p \times r \times t}{100} \\ = \frac{500 \times 11 \times 1}{100} \\ = \frac{5500}{100} \\ = 55 \\ so \: total \: amount \: he \: will \: get \: = r + i \\ = 500 + 55 \\ = 555 \\ amount \: each \: will \: get \: = \frac{555}{10} \\ = 55.5$

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Answer 2

Hii siso don't know .............