MCQ Practice

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?

Subject: MathematicsTopic: Discount
A

Rs. 12,000 in cash

B

Rs. 12,880 at credit

C

Both are equally good

D

Rs. 18.33

Correct Answer: A