Read the information given below and select the correct option :
It is festival season and the shoe manufacturer, Salim, has received an order from a large trader in town for 3,000 pairs of shoes to be delivered in a month time. He has to purchase the raw materials. To meet these expenses, Salim obtains loans from the large trader. At the end of the month, Salim is able to deliver the order, make a good profit, and repay the money that he had borrowed,
Over the years his debt will
A. Increase--- because of the non payment of money, interest was increased.
B. Remain constant --- because he was paying only the interest regularly, C. Reduce because he is repaying the money with interest.
D. Totally finished ---because he got the good profit and he repaid the money.
Answers
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Answer:
option C
Explanation:
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Answer:
you answer is C
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