Randhir donates rs50000 to a school for under privileged students, the interest of which is to be used for awarding 10 scholarships of equal value every year. If the donation earns an interest of 11% per annum ,find the value of each scholarship.
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P=₹5000
R =11%
T = 1year
Therefore S.I = ₹(5000×11×1)/100
= ₹ 55000/100
= ₹ 550
Total no. of scholarships given= 10
Value of each scholarship = ₹ 550/10 = ₹55
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tanishq215:
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Answer:
p=5000
r=11%
t=1 year
si=p×r×t/100
si=5000×11×1/100
55000/100
550
total no.of scholarship =10
550/10
55
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