Jaclyn buys $10 000 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  Options.
A) 237.5  B) 234  C) 289.5  D) 345  E) None of these
Explanation:   I=(p x r x t)/100   = 10000*9.5/100*(18/12)^1/6 = 237.5   237.5nswer: 237.5
<result>A</result>
Jaclyn buys $10 000 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