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A trust caring for handicapped children gets Rs 30000 every month from its donors. The trust spends half of the funds received for medical & educational care of the children & for that it charges 2% of the spent amount from them, & deposited the balance amount in a private bank to get the money multiplied so that the trust goes on functioning regularly. What percent of interest should the trust get from the bank so as to get a total of Rs. 1800 every month? Use the matrix method to find the rate of interest

A trust caring for handicapped children gets Rs 30000 every month from its donors. The trust spends half of the funds received for medical & educational care of the children & for that it charges 2% of the spent amount from them, & deposited the balance amount in a private bank to get the money multiplied so that the trust goes on functioning regularly. What percent of interest should the trust get from the bank so as to get a total of Rs. 1800 every month? Use the matrix method to find the rate of interest

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60796 Points
3 months ago
Our expert is working on this Class IX Maths answer. We will update the answer very soon.

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