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Statement Problem:

Mr. A brought a mobile for Rs.3000 and sold it on the same day for Rs.3600 to Mr.B on credit for 2yrs and on the interest of 10% per annum .What would be the profit earn by Mr A?



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Profit : Rs 3,600 - Rs 3,000 = Rs 600 on that day of buying and selling.

We can treat this amount as loaned to B on interest.

The profit grows at 10%, so after 1 year, it becomes: Rs660, after 2 years it becomes Rs726.

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