A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash an

Question

A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

Options:

A . Rs. 12,000 in cash

B . s. 12,880 at credit

C . Both are equally good

Answer: Option A

P.W. of Rs. 12,880 due 8 months hence = Rs. \(\left[\frac{12880\times100}{100+\left(18\times\frac{8}{12}\right)}\right]\)

= Rs. \(\left[\frac{12880\times100}{100+\left(18\times\frac{8}{12}\right)}\right]\)

= Rs. 11500.

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