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?
1. Rs. 12,000 in cash
2. Rs. 12,880 at credit
3. Both are equally good
Answer :
1 - Rs. 12,000 in cash
|