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Rahamatchacha takes a loan amount of …

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Rahamatchacha takes a loan amount of Rs.240000 from a bank for constructing a building at the rate of simple interest of 12% per annum.After 1 year of taking the loan he rents the house at the rate of Rs.5200 per month.Let us determine the number of years he would take to repay his loan along with interest from the income of the houserent.

Posted by Sarkar Gupta 6 years, 3 months ago

CBSE > Class 12 > Mathematics

1 answers

Rishabh Rathi 6 years, 3 months ago

9 years. P+(PRT/100)=12*5200*(T-1) here T is time taken to repay his loan.

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