11. On what terms did Savita get a loan from Tajpal Singh? Would Savita's condition
be different if she could get a loan from the bank at a low rate of interest?
Answers
Answer:
Savita can get loan from Tajpal singh if she gives her land or her another precious thing as collateral to tajpal ND also he Will charge interest to the loan !!
yes obviously Savita's condition can be better if she could get loan from the bank becz banks will charge low interest rate and she could also avoid giving her land as collateral !!!
hope u are satisfied
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Savita got a loan from Tejpal Singh at the rate of interest of 24 per cent for four months and also had to work for Tejpal Singh as a farm labourer at the wage of Rs.100 per day during the harvest season.
The case would have been different if Savita would have taken the loan from a bank. It is because the rate of interest would have been lesser than what was asked by Tejpal Singh and also she would have been able to pay complete attention to our own field during the time of harvest.