Advertisements
Advertisements
प्रश्न
A memorial trust donates ₹ 5,00,000 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 cent per annum and the values of the second and third scholarships are ₹ 20,000 and ₹ 15,000 respectively, find out the value of the first scholarship.
Advertisements
उत्तर
Donation amount = ₹ 500000
Rate of interest for each year = 12% per annum
Time period = 1 yr
Interest received after 1 yr = `(500000 xx 12 xx 1)/100`
= 5000 × 12
= ₹ 60000
Scholarship amount for second position = ₹ 20000
Scholarship amount for third position = ₹ 15000
∴ Remaining amount for first position student
= 60000 – (20000 + 15000)
= 60000 – 35000
= ₹ 25000
APPEARS IN
संबंधित प्रश्न
Find the amount to be paid at the end of 3 years in given case:
Principal = ₹ 1,200 at 12% p.a.
Rohit borrowed Rs. 24,000 at 7.5 percent per year. How much money will he pay at the end of the 4th years to clear his debt?
Anita takes a loan of Rs. 5,000 at 15% per year as the rate of interest. Find the interest she has to pay at the end of one year.
A sum of ₹ 48,000 was lent out at simple interest and at the end of 2 years and 3 months the total amount was ₹ 55,560. Find the rate of interest per year
Riya bought ₹ 15,000 from a bank to buy a car at 10% simple interest. If she paid ₹ 9,000 as interest while clearing the loan, find the time for which the loan was given
A sum of ₹ 46,900 was lent out at simple interest and at the end of 2 years, the total amount was ₹ 53,466. Find the rate of interest per year
Arun lent ₹ 5,000 to Balaji for 2 years and ₹ 3,000 to Charles for 4 years on simple interest at the same rate of interest and received ₹ 2,200 in all from both of them as interest. Find the rate of interest per year
Given the principal = Rs 40,000, rate of interest = 8% p.a. compounded annually. Find amount if period is 2 years.
₹ 9000 becomes ₹ 18000 at simple interest in 8 years. Find the rate per cent per annum.
