Class 10 Book Solution from Gonit Prakash in Compound interest and Uniform Rate of Increase or Decrease Question No: 193

Rahamatchacha takes a loan amount of Rs. 2,40,000 from a bank for constructing a building at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of Rs. 5200 per month. Let us determine the number of yrs. he would take to repay his loan along with interest from the income of the house rent.

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