A. 3.46%
B. 4.5%
C. 5%
D. 6%
✅ The correct answer is option A. 3.46%.
Note: Here, original rate is for 1 year(s); the new rate is for only 4 months i.e.1/3 year(s).
Note: Here, original rate is for 1 year(s); the new rate is for only 4 months i.e.1/3 year(s).