Lesson eLearning

How did Mr. Loisel manage to raise the sum of thirty-six thousand francs to purchase the replacement diamond necklace?

medium 3 marks Class 10 · English · The Necklace
Answer
Mr. Loisel used inherited from his father and borrowed the remaining from lenders at high interest rates.

Step-by-step solution

  1. Identify the total discounted cost of the replacement diamond necklace at the jeweler's shop, which was .
  2. Note the amount Mr. Loisel already possessed, which was left to him by his deceased father.
  3. Explain how the remaining balance of was raised.
  4. Mr. Loisel borrowed the remaining amount from usurers, moneylenders, and financial agents, agreeing to ruinous terms and exorbitant interest rates.
Common mistake: Thinking that Mr. Loisel borrowed the entire sum of without using his inheritance.

Concept tested: Financial ruin caused by replacing the necklace

Published · How this solution was prepared and checked

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