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Answer (C) is correct . The face amount of a loan with a compensating balance can be calculated as follows: Total borrowings?= Amount needed ÷ (1.0 – compensating balance %) ?= $150,000 ÷ (100% – 15%) ?= 150,000 ÷ 85% ?= $176,471

Answer (A) is incorrect because The amount of $130,435 results from using 1.0 plus, rather than minus, the compensating balance percentage in the denominator.
Answer (B) is incorrect because The amount of $172,500 results from using 1.0 plus, rather than minus, the compensating balance percentage in the denominator, then multiplying rather than dividing.
Answer (D) is incorrect because The amount of $194,805 results from using 23% as the compensating balance percentage.