A bicycle can he purchased on cash payment of ₹ 1500. The. same bicycle can also be purchased at the down payment (initial payment, at the time of purchasing) of ₹ 350 and rest can be paid in 3 equal installments of ₹ 400 for next 3 months. The rate of SI per annum charged by the dealer is:

Options

A. `24(2)/(3)`
B. `36(2)/(3)`
C. `2(2)/(9)`
D. `34(2)/(3)`

Answer

C