ram and shyam wanted to start a hotel with investment of ₹6, 64,500 and ₹7, 64,800 respectively. if the project costs ₹25, 00,000 how much loan should they take form the bank
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Answer: 1,070,700
Step-by-step explanation:
Total Cost of project - 25,00,000
Ram's investment - 6,64,500
Shyam's investment - 7, 64,800
So total investment - 6,64,500 + 7, 64,800 = 1,429,300
Therefore the amount required as loan = 25,00,000 - 1,429,300 = 1,070,700
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