Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6. Cash withdrawn from all ATMs in India 1600 cities 450 ATMs/ city Withdrawal limit= 1,00,000/day from an ATM 115 banks in India 310 million
6. Cash withdrawn from all ATMs in India 1600 cities 450 ATMs/ city Withdrawal limit= 1,00,000/day from an ATM 115 banks in India 310 million bank accounts On average, one person holds 1.25 bank accounts One time withdrawl limit= 15,000 60% of income withdrawn from ATMs on an average month Average service profession salary= 2.4 lakhs Average business profession salary= 3.9 lakhs Crowded ATMs= 50% Mid-crowded ATMs= 25% Uncrowded ATMs= 25% Crowded ATM's amount of money deposited= 2.5 times of that in mid-crowded Mid- Crowded ATM's amount of money deposited= 1.5 times of that in uncrowded On an average bank deposits Rs. 40,000 in every 12 hours in an uncrowded ATM 75% of cash deposited in a bank is withdrawn every day An average month contains 30 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started