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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:

0%
5%
7.5%
10%

Correct Answer: 0%

Explanation:

C.P. = Rs. 3000.

S.P. = Rs.	[	3600 x 100	]	= Rs. 3000.
		100 + (10 x 2)

Gain = 0%.

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