Mathematics · Financial Arithmetic
A bank has the following financial data for a fiscal year: - Interest Earned on Loans and Securities: ₹5,00,000 - Interest Paid on Deposits and Borrowings: ₹2,00,000 - Fee-based Income: ₹50,000 - Operating Costs: ₹1,00,000 - Total Assets at the beginning of the year: ₹40,00,000 - Total Assets at the end of the year: ₹60,00,000 What is the Return on Assets (ROA) for the bank for this year based on the average total assets?
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