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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?
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By: guest on 01 Jun 2017 05.49 pm
P.W. of Rs. 12,880 due 8 months hence = Rs. 12880 x 100 100 + 18 x 8 12 = Rs. 12880 x 100 112 = Rs. 11500.