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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:

1:
None of these
2:
5%
3:
0%
4:
20%
5:
10%
Solution:
Chapter Name: Profit and Loss

This has been asked in Question Paper

IBPS RRB Clerk Prelims 2016

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