What amount (in Rs.) of the fund is acquired by the school from internal sources?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 1,50,000.
The school gets 15% of its funds from internal sources.
The entire fund that the school receives = Rs. 10 lakh.
Amount from internal sources = 15% of 10 lakh
⇒ 15/100 × 10,00,000 = 1,50,000
Thus, the amount acquired by the school from internal sources is Rs. 1,50,000.
