A trust caring for handicapped children gets 30, 000 rupees every month from its donors The trust spends half - Maths - Matrices

Question

A trust caring for handicapped children gets 30, 000 rupees
every month from its donors The trust spends half of the funds
recieved for medical and educational care of the children and for
that it charges 2% of the spent amount from them, and deposits the
balance amount in a private bank to get the money multiplied so
that in future the trust goes on functioning regularly What percent
of interest should the trust get from the bank to get a total of
1800 rupees every month? This is a board question of
maths-2015 from series SSO

Use matrix method to find the rate of interest Do you think
people should donate to such trusts?

Pooja Khanna · Accepted Answer

Here is the link for the answer to a similar
query:

https://www meritnation
com/ask-answer/question/a-trust-caring-for-handicapped-children-gets-rs-30000-every/determinants/9132457

It simply depends upon the perception of donors
of the organisation, how they perceive the working of such an
institution and contribute to the cause