Answer :

Given, Donation amount = 500000


And Rate of interest for each year = 12% per annum


Time period = 1 year


Interest received after 1 year = = 5000 × 12


Scholarship amount for second position = 20000


Scholarship amount for third position = 15000


Remaining amount for first position student = 60000 –(20000 + 15000)


= 25000


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