Question

With recent pandemic situation many small farmers are facing a lot of hardships and are taking loans.One such family took a loan of Rs. 2000/- only from a money lender who is also a businessman. Hence, the interest charges are also high.Thus everyone in the farmer's household including a young girl of class 9 has to work with her mother to make some extra earnings to help to repay the loan.Which of the following would be a better option?

Answer 1

Answer:

I think that the loan amount should be always get from the bank so that it will be paid in small instalment and over less intrest