9. Randhir donates ₹ 50005000 to a school, the interest of which is to be used for awarding 1010 scholarships of equal value every year. If the donation earns an interest of 11%11\% per annum, find the value of each scholarship. 10. In how many years will ₹ 150150 double itself at 4%4\% simple interest? 11. At what rate of simple interest will a sum of money double itself in 2020 years? 12. If ₹ 250250 amounts to ₹ 285285 in 22 years, find the rate per cent per annum.

Answer: 9. ₹ 55 per scholarship; 10. 25 years; 11. 5% per annum; 12. 7% per annum

Step-by-step solution

Step 1: Solve Question 9: Value of each scholarship

For Question 9, the principal donation is P=₹5000P = \text{₹} 5000, the annual interest rate is R=11%R = 11\%, and time T=1 yearT = 1\text{ year}. Using the simple interest formula SI=P×R×T100\text{SI} = \frac{P \times R \times T}{100}, the interest earned each year is 5000×11×1100=₹550\frac{5000 \times 11 \times 1}{100} = \text{₹} 550. This annual interest is equally distributed among 1010 scholarships, giving 55010=₹55\frac{550}{10} = \text{₹} 55 for each scholarship.

Step 2: Solve Question 10: Time required to double

For Question 10, the principal is P=₹150P = \text{₹} 150. To double itself, the amount becomes A=₹300A = \text{₹} 300, which means the simple interest required is SI=A−P=₹150\text{SI} = A - P = \text{₹} 150. Using the formula for time T=SI×100P×RT = \frac{\text{SI} \times 100}{P \times R} with rate R=4%R = 4\%, we compute T=150×100150×4=25 yearsT = \frac{150 \times 100}{150 \times 4} = 25\text{ years}.

Step 3: Solve Question 11: Rate of interest to double in 20 years

For Question 11, let the principal sum of money be PP. Since the sum doubles in T=20 yearsT = 20\text{ years}, the simple interest earned equals the principal, so SI=P\text{SI} = P. Applying the rate formula R=SI×100P×TR = \frac{\text{SI} \times 100}{P \times T}, we get R=10020=5%R = \frac{100}{20} = 5\% per annum.

Step 4: Solve Question 12: Rate per cent per annum

For Question 12, the principal is P=₹250P = \text{₹} 250, the amount is A=₹285A = \text{₹} 285, and the time period is T=2 yearsT = 2\text{ years}. The simple interest earned over 22 years is SI=285−250=₹35\text{SI} = 285 - 250 = \text{₹} 35. Using the rate formula R=SI×100P×TR = \frac{\text{SI} \times 100}{P \times T}, we calculate R=35×100250×2=3500500=7%R = \frac{35 \times 100}{250 \times 2} = \frac{3500}{500} = 7\% per annum.

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