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Noel borrowed 200,000 for one year at 10 % interest rate. He is certain he can invest in inventory that would sell over a year

Noel borrowed 200,000 for one year at 10 % interest rate. He is certain he can invest in inventory that would sell over a year for $300,000. If his selling cost is $50,000 and he was to pay his interest out of his profit, how much would Noel expected profit rate be on his investment

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