Rahamatchaha takes a loan amount of `2,40,000Rs` from a bank for constructing
Channel: Doubtnut
Date: 2020-05-09

Rahamatchaha takes a loan amount of `2,40,000Rs` 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 `5200Rs` per month. Then, determine the number of years he would take to repay his loan along with interest from the income of the houserent.