mr kamat donated Rs $80, 000$ to a welfare trust on the agreement with them that the interest on the sum will be used for awarding $5$ scholarship of equal value every value year to physically handicapped children. If the donation earns an interest of $10 %$ per annum, find the value of each scholarship

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Solution

Amount donated by kamat = Rs. 80,000
Interest earned at the rate of 10% p.a = 10% of 80,000
$= \frac{10}{100} \times 80, 000$
= Rs. 8000
Number of scholarship = 5.
$∴$ value of each scholarship = Rs. $\frac{8000}{5}$
= Rs. 1600
$∴$ value of each scholarship = Rs. 1600.

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mr kamat donated Rs 80,000 to a welfare trust on the agreement with them that the interest on the sum will be used for awarding 5 scholarship of equal value every value year to physically handicapped children. If the donation earns an interest of 10% per annum, find the value of each scholarship

Amount donated by kamat = Rs. 80,000Interest earned at the rate of 10% p.a = 10% of 80,000=10100×80,000= Rs. 8000Number of scholarship = 5.∴ value of each scholarship = Rs. 80005= Rs. 1600∴ value of each scholarship = Rs. 1600.

Amount donated by kamat = Rs. 80,000
Interest earned at the rate of 10% p.a = 10% of 80,000
$= \frac{10}{100} \times 80, 000$
= Rs. 8000
Number of scholarship = 5.
$∴$ value of each scholarship = Rs. $\frac{8000}{5}$
= Rs. 1600
$∴$ value of each scholarship = Rs. 1600.