Instructions

Study the following tables carefully and answer the questions given below:

Number of people taking fresh loans from different Banks over the years and the percentage of defaulters amongst them each year

Number of people taking fresh loans from different banks over the year
NUMBER

Approximate Percentage of defaulters amongst them each year
PERCENTAGE

Question 126

Approximately how many people taking a loan from Bank S in the year 2006 were defaulters ?

Solution

Total number of people taking loans from bank S in 2006 = 29565

% defaulters = 21 %

=> Number of people taking loan from Bank S in the year 2006 who were defaulters

= $$\frac{21}{100} \times 29565$$

= $$6208.65 \approx 6210$$

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: