Answer : Option C
Explanation :
Interest earned in 3rd year = Rs. 1596
Interest earned in 2nd year = Rs. 1400
i.e, in 3rd year, Andrews gets additional interest of (Rs. 1596 - Rs. 1400) = Rs.196
This means, Rs.196 is the interest obtained for Rs.1400 for 1 year
$MF#%\text{R} = \dfrac{100 \times \text{SI}}{\text{PT}} = \dfrac{100 \times 196}{1400 \times 1} = \dfrac{196}{14} = 14\%$MF#%
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