at what interest rate shamlal borrow money from the village moneylender? (5m)
Share
at what interest rate shamlal borrow money from the village moneylender? (5m)
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Explanation:
So leaving aside all the gangstaa style loan sharks , money lenders make money by hefty interest they charge or if principal amount not paid then by getting the object (generally some gold/silver ornament) which is of much higher value then the loan given. Loan sharks are just like banks, they check you out first