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:	Choose the correct answer:
A) 3%	B) 12%	C) 6%	D) 22%	E) 14%
amount returnd s 1236 , so interst Rs.36, borrowd 1200, n=3/12, so 36=(1200*3*r)/12*100, thus r=12%   ANSWER:12%
<result>B</result>
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: