on what terms did Savita get a loan from Tejpal Singh would Savita condition be different if she could get a loan from the bank at low rate of interest
Answers
Answer: Savita would have to work more in the fields of tejpal Singh, she has to pay higher rate of interest to him for the loan.
Yes, her conditions would be better if she had taken loan from banks because banks provide loan at a reasonable rate of interest and she was able to pay that much amount...
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Answer: Tejpal singh agrees to give loan to Sarita at an interest of 24 percent for 4 months. She also promisses to work on fields of Tejpal singh as a farm labourer at a wage of Rs. 100 per day
Yes her condition would be better if she takes a loan from bank as they give loan at a lower rate of interest which would be easy to pay. Also she could spent more time on her fields by not working for Tejpal Singh at 100 Rs. per day.
Explanation: Hope this helps. The answer is not given in ncert book