Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 4)
4.
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?
Answer: Option
Explanation:
| P.W. of Rs. 12,880 due 8 months hence |
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| = Rs. 11500. |
Discussion:
34 comments Page 4 of 4.
Bj said:
1 decade ago
Not understandable. Explain Formula clearly.
Rad said:
1 decade ago
Can any one please explain properly ?
Omer Bin Mohd(Hyd)9959542712 said:
1 decade ago
Hi Tanu
As per formula of Present Worth (P.W)
100 x Amount/100 + (R = Rate perannum x T = Time Year)
12000 is better as such 12880 is due amount after 8 Months
=100+18*8/12
= 100+12
=112
As per formula of Present Worth (P.W)
100 x Amount/100 + (R = Rate perannum x T = Time Year)
12000 is better as such 12880 is due amount after 8 Months
=100+18*8/12
= 100+12
=112
Tanu said:
1 decade ago
Why that 100 is adding in denominator?
Can any one plz explain properly......
Can any one plz explain properly......
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