The subscribed capital of a company is ₹8000000 and the nominal value of the share is ₹100 each. There were no calls in arrears till the final call was made. The final call made was paid on 77,500 shares only. The balance in the calls in arrears amounted to ₹62500. How much amount was received on the final call by the shareholders?

₹1900000 ₹1800000 ₹1937500 ₹1875500

₹1937500

Total shares = ₹8000000 of ₹100 each means 8000000/100= 80000 shares Final call was paid  for 77500 shares means (80000-77500) 2500 shares were not paid final call. Amount not received on 2500 shares were ₹62500 Final call = 62500/2500 = ₹25 Amount received on final call = 77500 X 25 = ₹1937500