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%

This has been asked in Question Paper

IBPS RRB Clerk Prelims 2016

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