what will be the answer of question 9
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Given that Randhir donates 5000 to a school.
P = 5000.
Given that Time t = 1 year.
if the donation earns an interest of 11% per annum.
R = 11%.
We know that SI = PTR/100
= 5000 * 1 * 11/100
= 550.
Given that number of total scholarships = 10.
Therefore the value of each scholarship = 550/10
= 55.
Hope this helps!
P = 5000.
Given that Time t = 1 year.
if the donation earns an interest of 11% per annum.
R = 11%.
We know that SI = PTR/100
= 5000 * 1 * 11/100
= 550.
Given that number of total scholarships = 10.
Therefore the value of each scholarship = 550/10
= 55.
Hope this helps!
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