Quantitative Techniques 1

Aman decides to diversify his investments and ventures into a small-scale farming business. He buys a piece of land for ₹500,000 and spends an additional ₹200,000 on seeds, fertilizers, and labor. He plans to grow vegetables and sell them in the local market. The expected yield from the farm is 50,000 kg of vegetables per year. Aman plans to sell these vegetables at ₹25 per kg. Additionally, he takes a loan of ₹300,000 from a bank at an interest rate of 8% per annum, compounded annually, to cover unforeseen expenses. Meanwhile, he also employs two laborers to work on the farm. The first laborer can plow a field in 8 hours, while the second laborer can do the same in 12 hours. They work together for a certain number of hours to complete the plowing of 5 fields.