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A Society needed Rs. 85,68,000 for the renovation of Society. For this huge expense, the Society fund has Rs. 15,28,000. Society president collected from Society members, from donation, and from co-operative society Rs. 48,56,000, 19,85,000 and 20,00,000 respectively. Society got funds from Govt. Rs. 5,00,000. After renovation, the excess amount is to be deposited in the bank in the Society fund. How much amount will be in the bank after renovation? 

A Society needed Rs. 85,68,000 for the renovation of Society. For this huge expense, the Society fund has Rs. 15,28,000. Society president collected from Society members, from donation, and from co-operative society Rs. 48,56,000, 19,85,000 and 20,00,000 respectively. Society got funds from Govt. Rs. 5,00,000. After renovation, the excess amount is to be deposited in the bank in the Society fund. How much amount will be in the bank after renovation?  Correct Answer 23,01,000

Given:

Amount needed for renovation = Rs.85,68,000

Society fund has = Rs.15,28,000

Amount received from society members = Rs. 48,56,000

Amount received from donation = Rs.19,85,000

Amount received from co-operative society = Rs. 20,00,000

Amount received from Govt. = Rs. 5,00,000

Calculation:

Total amount collected from different sources = 15,28,000 + 48,56,000 + 19,85,000 + 20,00,000 + 5,00,000

⇒ Total amount available = 1,08,69,000

Amount needed for renovation = Rs. 85,68,000

⇒ Amount left = Rs. 1,08,69,000 - Rs. 85,68,000 = Rs. 23,01,000

∴ Amount to be deposited in bank Rs. 23,01,000.

The correct option is 4 i.e. 23,01,000

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