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:
0%
5%
7.5%
10%
Explanation:
C.P=Rs.3000
S.P=Rs.$[\dfrac{3600 \times 100}{100+(10\times 2)}]$=Rs.3000
Gain =0%
C.P=Rs.3000
S.P=Rs.$[\dfrac{3600 \times 100}{100+(10\times 2)}]$=Rs.3000
Gain =0%