Answer: B
Let’s assume the principal amount \((p)=x\) rupees
Interest amount \((I)=\cfrac{3x}{8}\) rupees
Time \((t)=5\) years
\(\therefore\) Rate of interest \((r)= \cfrac{100\times I}{pt} \%\)
Let’s assume the principal amount \((p)=x\) rupees
Interest amount \((I)=\cfrac{3x}{8}\) rupees
Time \((t)=5\) years
\(\therefore\) Rate of interest \((r)= \cfrac{100\times I}{pt} \%\)
\(= \cfrac{100\times \cfrac{3x}{8}}{x\times 5} \%\)
\(= \cfrac{100\times 3x}{x\times 5 \times 8} \%\)
\(= \cfrac{15}{2} \%=7.5\%\)