Mathematics, 06.08.2021 06:10, nmm32

A man wishing to buy a building was estimated as Rs 500,000 and he apply for a bank loan to buy it. He lends this amount with the annual simple interest rate of 12% and wishes to settle the full amount within 2 years. After 6 months of renovation, he leased out the building for Rs 50,000 per month.

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