Rahamatchacha Takes A Loan Amount Of ₹ 2,40,000 From A Bank Of For Construction A Building At The Rate Of Simple Interest Of 12% Per Annum. After 1yr, Of Taking The Loan He Rents The House At The Rate Of ₹ 5200 Per Month. Let Us Determine The Number Of Yrs, He Would Take To Repay His Loan With Interest From The Income Of The Business. - ConceptEra

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

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