A trust caring for handicapped children gets ₹ 30,000 every month from its donors. The trust spends half of the funds received 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 ₹ 1,800 every month?
Use matrix method, to find the rate of interest. Do you think people should donate to such trusts?