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The table given below gives the annual details of loans from rural banks and agricultural loans over the years 1970 to 1983. Using this data answer the questions that follow.
Question 23
In 1974, the amount of agricultural loans formed what percentage of the total loans?
Solution
Total loan from rural in 1974 = $$260 \times 98 \times 243$$ = 6 million (nearly)
Loan for agriculture in 1974 = 34.5 million
Total = 34.5 + 6 = 40.5
%Agriculture loan = $$\frac{34.5}{40.5} \times 100$$ = 85% (Nearly)
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