A sum of 14,800 amounts to 19,800 in 3 years at the rate of simple interest. What is the rate of interest?	Choose the correct choice from the following options
A) 12 % B) 11 % C) 16 % D) 15 % E) 18 %

Rationale: "b 11 % s . i . = ( 19800 - 14800 ) = 5000 . rate = ( 100 x 5000 ) / ( 14800 x 3 ) % = 11 %"
Answer: B