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?

1.

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?

[A].	Rs. 12,000 in cash
[B].	s. 12,880 at credit
[C].	Both are equally good

Answer: Option A

Explanation:

P.W. of Rs. 12,880 due 8 months hence

= Rs.

1-sym-obracket-h1

12880 x 100

1-sym-cbracket-h1

100 +		18 x	8
			12

= Rs.		12880 x 100
		112

= Rs. 11500.

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