10. Rama and Kala took a loan of Rs. 5,000 each from a co-operative bank. They
returned the loan along with interest in 5/2 years and 4 years respectively. If Rama returned rs 5600 find the money returned by kala
to in the co-operative bank.
Answers
Answer:
cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise".[1] Cooperatives are democratically owned by their members, with each member having one vote in electing the board of directors. Cooperatives may include:
businesses owned and managed by the people who use their services (a consumer cooperative)
organizations managed by the people who work there (worker cooperatives)
multi-stakeholder or hybrid cooperatives that share ownership between different stakeholder groups. For example, care cooperatives where ownership is shared between both care-givers and receivers. Stakeholders might also include non-profits or investors.
second- and third-tier cooperatives whose members are other cooperatives
platform cooperatives that use a cooperatively owned and governed website, mobile app or a protocol to facilitate the sale of goods and services.