Jaclyn buys $20 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter	Choose one.
A) 475
B) 234
C) 289
D) 345
E) None of these
Explanation:   I=(p x r x t)/100   = 30000*9.5/100*(18/12)^1/6 = 475   475nswer: 475
<result>A</result>
Jaclyn buys $20 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter