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Read the information given below and select the correct option. (1) Mohan is an agricultural labourer. Several months in a year he has no work and needs credit to meet his daily expenses. He depends up on his employer for credit who charges an interest rate of 5% per month. Mohan repays the money by working physically for the land owner on his farm land. Over the years his debt will – A. Increase- because of increasing interest B. Remain constant – as he is working but is repaying less. C. Be totally repaid – as he is repaying the debt in the form of physical labour D. Reduce – as amount equivalent to his salary is being counted as monthly payment.

Posted by Vishv Patel 5 years, 1 month ago

CBSE > Class 10 > Social Science

4 answers

Sakshi Jagtap 5 years, 1 month ago

how d?

0Thank You

Madeeha Ali 5 years, 1 month ago

2Thank You

Samriti . 5 years, 1 month ago

0Thank You

Sakshi Jagtap 5 years, 1 month ago

ANSWER :- A. Increase bcuz of increasing interest...... hope it helps uhh?

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ANSWER

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