Question

A society needed Rs 18536000 to buy a property. It collected Rs 7253840 as membership fee, took a loan of Rs 5675450 from a bank and collected Rs 2937680 as donation. How much is the society still short of?

Answer 1

Money need by the society to buy the property = Rs 18536000
Amount collected as membership fee = Rs 7253840
Amount taken on loan from the bank = Rs 5675450
Amount collected as donation = Rs 2937680
∴ Amount of money short = Rs 18536000 ‒ (Rs 7253840 + Rs 5675450 + Rs 2937680)
= Rs 18536000 ‒ Rs 15866970
= Rs 2669030