Question:
Principal amount and interest payment is obligation for:
Principal amount and interest payment is obligation for:
Updated On: Dec 16, 2024
- Lender
- Bank
- RBI
- Borrower
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The Correct Option is D
Solution and Explanation
The borrower is the person or entity that takes a loan and has the obligation to repay the principal amount along with any interest accrued on it. The lender provides the funds.
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