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Study the flow chart shown below to answer the following questions.
A person wishes to apply for a loan worth Rs. 20, 00,000. Person does not own a house and also does not work for a government
organization. Will he get this loan approved if he draws a salary of Rs. 50,000 and his current age is 26 years?
AYes, if his age is less than 40.
BNo, he would not get this amount.
CYes, he would get this amount.
DYes, if his age is less than 40.
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Then answer should be B as he is he's 3,00,000 Rs short. Hence, loan is not approved.
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Correct answer: Option B
According to the given flow chart, highest approved amount of loan for the man is: 50000*(60-26)=1,700,000
Loan of rs. 2,000,000 can't be approved.
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