A bank agrees to lend a loan to Arvind of Rs.2,38,75,697 which falls short by 17% for starting his business. How much  more loan would he need?
Let the amount need by Arvind to start business = Rs. x
The amount loaned to him is 17% less than what he needs to start his business. Hence,
x - (17% of x) = Rs. 23875679
0.83 x = Rs. 23875679
x = Rs. 28765900 (approx.)
Amount Arvind needs after obtaining the bank loan = 28765900 - 23875697 = Rs. 4890203.
A is correct choice.
Create a FREE account and get:
