What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent? Choose the correct option
A) 176 B) 500 C) 278 D) 270 E) 279
70 = (P*4*7/2)/100   P = 500   Answer:500
<result>B</result>
What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?