Question

3
Arun is supervising the work of one farm labourer. Arun has seven acres of land. He is
one of the few persons in Sonpur to receive bank loan for cultivation. The interest rate
on the loan is 8.5 per cent per annum, and can be repaid anytime in the next three
years.
Over the years his debt will -
A. Increase - because of increasing interest and non-payment of monthly amount
B. Remain constant - as he is working for the employer but is repaying less
C. Reduce - as amount equivalent to his salary is being counted as monthly repayment
D. Be totally repaid - as he is repaying the debt in the form of physical labour​

Answer 1

OPTION ( A )Increase - because of increasing interest and non-payment of monthly amount

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