What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent? Choose the correct answer
A) 337
B) 500
C) 266
D) 288
E) 211
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?