If the interest on ₹ $12000$ is more than the interest on ₹ $10000$ by ₹ $500$ in $3$ $years$,the rate percent per annum is:

  • A
    $6 \frac{1}{4} \%$
  • B
    $12 \frac{1}{2} \%$
  • C
    $8 \frac{1}{3} \%$
  • D
    $16 \frac{1}{3} \%$

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