Brinda borrowed ₹ 1000 to build a hut. She pa | vedclass

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(A) Simple interest paid by Brinda on ₹ $1000$ for $1$ year $= \frac{1000 	imes 5 	imes 1}{100} = ₹ 50$.Rent received by Brinda from Ramu in $1$ yea

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(A) Simple interest paid by Brinda on ₹ $1000$ for $1$ year $= \frac{1000 	imes 5 	imes 1}{100} = ₹ 50$.Rent received by Brinda from Ramu in $1$ year $= 12 \frac{1}{2} 	imes 12 = 12.5 	imes 12 = ₹ 150$.Net savings per year $= 	ext{Rent received} - 	ext{Interest paid} = 150 - 50 = ₹ 100$.To clear the debt of ₹ $1000$,the time required $= \frac{	ext{Total Debt}}{	ext{Net savings per year}} = \frac{1000}{100} = 10 	ext{ years}$.

Brinda borrowed ₹ $1000$ to build a hut. She pays $5 \%$ simple interest. She lets the hut to Ramu and receives a rent of ₹ $12 \frac{1}{2}$ per month from Ramu. In how many years would Brinda clear off the debt?

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