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Study the flow chart shown below to answer the following questions.
A person wishes to avail a loan of Rs. 50, 00,000. He works for a government organization and does not own a house. Would he get the loan if he draws a salary of Rs. 60,000 and his age is 28 years. If he does get a loan, what amount would he be entitled? If not, by what amount he would be short of the required amount?
AYes, he would get a loan equal to Rs. 57, 60,000.
BYes, he would get a loan exactly equal to Rs. 50, 00,000.
CNo, he would not get a loan. He would be short of Rs. 7, 00,000.
DNo, he would not get a loan. He would be short of Rs. 7, 60,000.
Answer: Option (Login/Signup)
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SHORTCUT
Correct answer: Option A
approved_amt=60000*3*(60-28)=Rs. 5,760,000
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