Correct Answer: Option B
C I for the third year = Tk.702464 – Tk.627200 = Tk.75264
Tk.75264 is the SI for 1 year for Tk.627200.
Therefore, the Rate of interest = (SI ×100)/P n (here, n = 1 year)
i.e. (75264 × 100)/627200 × 1
= 75264/6272
= 12%
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