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»

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%



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