Consider the ammeter-voltmeter method of determining the value of the resistance R using the circuit shown in the figure. The maximum possible errors of the voltmeter and ammeter are known to be 1% and 2% of their readings, respectively. Neglecting the effects of meter resistances, the maximum possible percentage error in the value of R determined from the measurements, is:

A. 4
B. 3
C. 2
D. 1
Answer: Option B
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