Mathematics · Commercial Arithmetic
A bank is considering a mortgage for a residential plot measuring 2,400 square feet. The prevailing circle rate is ₹4,000 per sq ft, but the valuer identifies three recent sales of similar plots at ₹5,500, ₹6,000, and ₹5,000 per sq ft. The bank's policy is to use the average of these market sales as the fair market value. If the Loan-to-Value (LTV) ratio is 75%, what is the maximum loan amount the bank can provide?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹99,00,000✓
- 2₹72,00,000
- 3₹1,32,00,000
- 4₹1,08,00,000
Correct answer
₹99,00,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Commercial Arithmetic MCQs →Want more practice questions on Commercial Arithmetic?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Commercial Arithmetic