A man wants to sell his scooter. There are two offers, one at rs. 12,000 cash and then other at a credit of rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer
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Answer:
Explanation:
PW of Rs.12,880 due 8 months hence
= Rs. [12880 x 100] / [100+(18 x 8/12)] =Rs.11500
Clearly 12000 in cash is a better offer.
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