If the scholarship has to be paid out of the donation fund, then what is the approximate percent of the donation fund used for this purpose?
If the scholarship money has to be paid only out of the donation fund, what is the approximate percentage of donation fund used for this purpose?
A non-profit organisation received Rs 60,000 as a donation from new member. Out of this, 20% of the donation should be used for constructing a building. What is the amount of donation that needs to be shown in the income and expenditure account?
Question 125
A memorial trust donates ₹ 500000 to a school, the interest on which is to be used for awarding 3 scholarships to students obtaining first three positions in the school examination every year. If the donation earns an interest of 12% per annum and the values of the second and third scholarships are ₹ 20000 and ₹ 15000 respectively, then find out the value of the first scholarship.