Mathematics · Simple Interest
A donor deposits ’8,00,000 in a trust that earns 10% simple interest annually. The interest is used to distribute three annual awards. If the second and third awards are ’35,000 and ’20,000 respectively, what is the value of the first award?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1’45,000
- 2’35,000
- 3’30,000
- 4’25,000✓
Correct answer
’25,000
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