Question

Rohit donates Rs.10,000 to a school the interest on which is to be used for awarding 4 scholarship of equal value every year. If the donation earns an interest of 10%per annum. Find the value of scholarship

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

p=10,000

r= 10%

simple interest = p×r ×t/100

=10,000×10×1/100=1,000

scholarship =1,000/4=₹250