If the defaulter bank continues to default on the next working day, then the rate of penal interest can be increased to _____ per annum above the Bank Rate

If the defaulter bank continues to default on the next working day, th

1.	If the defaulter bank continues to default on the next working day, then the rate of penal interest can be increased to _____ per annum above the Bank Rate
A.	4%
B.	5%
C.	3%
D.	2%
Answer» C. 3%