A man borrows Rs. 1200.00 from a bank for a period of 3 months. He finds that h

Question - A man borrows Rs. 1200.00 from a bank for a period of 3 months. He finds that he has to repay Rs. 1236.00. The bank rate of interest is:

Options:

A . 3%

B . 6%

C . 12%

D . 24%

Answer: Option C

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