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On what terms did Savita get a loan from Tajpal Singh? Would Savita’s condition be different if she could get a loan from the bank at a low rate of interest?
Answer:
Answer to be written in the exam:
- Savita took the loan from Tejpal Singh at an interest rate of 24 percent for four months and also has to work in his field as a farm laborer during the harvest season at Rs.100 per day.
- Savita’s condition would be different if she had taken the loan from the bank because the rate of interest would be less and she would not have to work in any other farmer's field.
