A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowi

Question

A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

Options:

A . 0%

B . 5%

C . 7.5%

D . 10%

Answer: Option A

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