Q. 343.6( 5 Votes )

Mr. Jane donates

Answer :

Let, Principal (P) = Mr. Jane donated amount

P = Rs 100000


Each scholarship value = Rs 1500


Value of 5 scholarships = 5 × 1500 = Rs7500


Interest (I) = value of 5 scholarships


I = Rs 7500


Rate of interest per annum = R %


Time (T) = 1 year


We know that,






R = 7.5 %


Rate of interest = R = 7.5 %


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