Math, asked by humairaahmed774, 1 year ago

Randhir donates Rs 5500 to a school the interest of which to be used for awarding scholarships every year.if the donation earns an interest of 14% per annum. Find the the amount given as scholarship in 3 years??

Answers

Answered by dbskumar
4
interst in one year = 5500*(14/100)= ₹770
thus, interest only 3 years = 770*3=₹2310
the scolarship = 5500+2310 = ₹7810
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