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What would be the gain of men who sold the cow?

–1 vote
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A man purchases a cow for Rs.3000 and sold it on the same day allowing the buyer a credit of 2 years. If the buyer will pay Rs.3600 after 2 year at a rate of simple interest 50/7 % per annum, then what would be the gain of men who sold the cow?

posted Sep 24, 2014 by anonymous

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+2 votes

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 what percentage ?

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