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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?

  • A.Rs. 12,000 in cash
  • B.Rs. 12,880 at credit
  • C.Both are equally good

Answer: A

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