10. Mr Jane donates * 1 lakh to a school and the interest on it is to

1.	10. Mr Jane donates * 1 lakh to a school and the interest on it is to be used for awarding five scholarships of equal value. If the value of each scholarship is * 1,500, find the rateof interest.
Answer» ong>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%

10. Mr Jane donates * 1 lakh to a school and the interest on it is to be used for awarding five scholarships of equal value. If the value of each scholarship is * 1,500, find the rateof interest.

Answer»

ong>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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10. Mr Jane donates * 1 lakh to a school and the interest on it is to be used for awarding five scholarships of equal value. If the value of each scholarship is * 1,500, find the rateof interest.​

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10. Mr Jane donates * 1 lakh to a school and the interest on it is to be used for awarding five scholarships of equal value. If the value of each scholarship is * 1,500, find the rateof interest.