Mathematics, 25.06.2021 05:10 dionne83

A donor decides to grant to the students of a college an annual scholarship of Rs. 6,000 for a period of 10 years. What should he deposit in the bank with compound interest at 12% p. a., so that the sum may be sufficient to grant a scholarship? Assume that the scholarship is payable to the students at the end of the year.

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A donor decides to grant to the students of a college an annual scholarship of Rs. 6,000 for a perio...

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