sushma donated rs 400000 to a school with the condition that the interest income from this amount is to be utilized equally for providing free education to 5 deserving students .if this amount earns an interest of 10 per cent per annum ,what does each student get every year
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Answered by
7
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
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
vikash2012vk:
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Like P is actually 400000, R is 10 percent and total number of scholarships is 5
Only then you get the correct answer
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Answered by
20
Answer: rs 8000 per student per year
Step-by-step explanation:
Principal= RS 400000
Rate= 10 percent
Time = 1 year
Interest is principal×rate×time/100
Interest is 400000×10×1/100
Interest= RS 40000
As there are 5 students, each student will get 40000/5= rs 8000 per year.
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