I want to sell my scooter. There are two offers, One at

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I want to sell my scooter. There are two offers, One at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 6¹/₄% per annum simple interest, which is the better offer ?

1. Rs. 8100 in cash
2. Rs. 8250 due 6 months hence
3. Both are equally good
4. Ca't be said

Correct Option: A

P.W. of Rs. 8285 due 6 months hence = Rs. { (100 x 8250) / {100 + (25 / 4 x 1 / 2)} } = Rs. 8000
∴ Rs. 8100 in cash is a better offer.