The line chart given below shows the total loan amount (in Rs. '00000) disbursed by 5 different banks B1, B2, B3, B4 and B5 in the year 2024.
The number of loans given by B1 are 1800 and all are of equal value. What is the value (in Rs.) of each loan?
Show answer & explanation
Correct answer: D
Explanation
Given:
Total loan amount by B1 = 90 (in ‘00000 Rupees)
Number of loans = 1800
90 (‘00000) = 90 × 100,000 = 9,000,000 Rupees
Value of each loan = 9,000,000 ÷ 1800 = 5,000 Rupees