Correct Answer - Option 2 : Rs 1,271,250
Given:
Number of students in community = 1500
B: G = 7: 8
Calculation:
Number of girls in community = 1500 × 8/ 15
⇒ Number of girls in community = 800
Number of boys in community = 1500 × 7/ 15
⇒ Number of boys in community = 700
Contribution by boy family = 700
Contribution by girl family = 800
⇒ Total fund collected from family = (800 × 800) + (700 × 700)
⇒ Total fund collected from family = 640,000 + 490,000
⇒ Total fund collected from family = 1,130,000
⇒ Total fund from sponsorship = 1130000/ 8
⇒ Total fund available = 1,130,000 + 141, 250
⇒ Total fund available = 1,271,250
∴ Total fund available is Rs 1,271,250