1) A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the 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 ? A) Rs. 12,000 in cash B) Rs. 12,880 at credit C) Both are equally good Answer: Option AExplanation:
