Time (t)=byear Rate = 12%
an annual scholarship
be doposite in the
that
the sum
Assume
end of year.
A donor decides to grant to the students of a college
of Rs 6000 for a period 10 years. What should
bank with compound interest at 12% pa so
that the scholarship is payable to
may be sufficient to grant a scholarship?
the student
at the end of the year​