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Banker's Discount
Mr Jaspal purchased a cow for Rs. 3,000 and sold it to Mr Dharampal, on the same day, for Rs. 3,600, allowing Dharampal a credit of 2 years. If the rate of interest be 10% per annum, then the Jaspal has a gain of:
Nil
5%
750
10%
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Correct Answer:
Nil
Explanation:
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