Question

3 Read the information given below and select the correct option -

Mohan is an agricultural labourer. There are several months in a year when he has no work and

needs credit to meet his daily expenses. He depends upon his employer, the landowner for credit

who charges an interest rate of 5 per cent per month. Mohan repays the money by working

physically for the landowner on his farmland.

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

Answer:

D: Be totally repaid; as he is repaying the debt in the form of physical labour

Answer 2

Answer:

option d is correct guys