defence exam Indian Navy Fireman/Fire Engine Driver Mock Test 2024 Quantitative Aptitude Interest Simple Interest
The 12% interest earned on a sum of money of Rs. 2,60,000 is to be used for awarding 24 scholarships of equal value every year in a school. What is the value (in Rs.) of each scholarship?
1
1,150
2
1,200
3
1,250
4
1,300