Find out the value of scholarshipo:

Muskan donates Rs. 2000 to a school, the interest on which is to be used for awarding  5 Scholarships of equal value every year. If the donee earns an interest of 10 % per annum, the value of each scholarship is:

  1. Rs. 40
  2. Rs. 50
  3. Rs. 30
  4. None of these
Anurag Mishra Professor Asked on 25th January 2016 in Maths.
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1 Answer(s)

Answer: (1) Rs. 40

Anurag Mishra Professor Answered on 25th January 2016.
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