How much interest can a person get on Rs. 8800 at 17.5% p.a. simple interest for a period of two years and six months?
Select the correct option.
A) 3587.58
B) 3587.59
C) 3587.5
D) 3587.52
E) 3850
I = (8800 * 2.5 * 17.5)/100 = (8800 * 5 * 35)/(100 * 2 * 2) = Rs. 3850.Answer: 3850
<result>E</result>
How much interest can a person get on Rs. 8800 at 17.5% p.a. simple interest for a period of two years and six months?