The opening balance of Prize Fund was 32 800 During the year donations reoeived towards this fund am...........

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The opening balance of Prize Fund was ?32,800. During the year, donations reoeived towards this fund amounted to ?15,400; amount spent on prizes was 712,300 and interest received on prize fund investment was ?4,000. The closing balance of Prize Fund will be :

?56,500

?64,500

?39,900

?31,900

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