The banker's discount on $Rs. 2400$ at $12 \%$ p.a. is the same as the true discount on $Rs. 2520$ for the same time and at the same rate. The time is (in months):

  • A
    $4$
  • B
    $5$
  • C
    $6$
  • D
    $8$

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$A$ banker discounts a $4 \text{ months}$ bill at $3 \%$. If the proceeds are invested in a manner so that nothing is lost,the interest rate should be (in $\%$):

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