Saved Bookmarks
| 1. |
10. Mr Jane donates * 1 lakh to a school and the interest on it is to be used for awardingfive scholarships of equal value. If the value of each scholarship is * 1,500, find the rateof interest. |
|
Answer» p= 100000 each scholarships value = 15000 value of 5 scholar SHIPS =5x1500=rupee7500 interest=value of 5 scholarship= rupee 7500 R = r% T= 1years Step-by-step EXPLANATION: we know that S.I=PxRxT/100 =7500=100000x R/100 =7500x100=100000xR =750000=100000xR R= 750000/100000 R=7.5% |
|