True Discount on Arithmetic Aptitude related Questions and Answers

Question :   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. 0% 2. 5% 3. 7.5% 4. 10% Answer :   1 - 0%