ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



26 vote

A bank agrees to lend a loan of Rs.2,38,75,697 to Arvind which falls short by 17% for starting his business. How much more loan would he need?

Asked on by | Votes 26 | Views: 1156 | Tags: percentage     | quantitative aptitude     | Add Bounty

A bank agrees to lend a loan of Rs.2,38,75,697 to Arvind which falls short by 17% for starting his business. How much more loan would he need?
1). 4890203
2). 4375303
3). 5700108
4). 5125533


Share on Facebook      Share on Whatsapp       Share on Twitter




1 answers

37 vote
Answered by on | Votes 37 |

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
Accepted Answer

Join Telegram Group