How much interest can a person get on Rs. 6280 at 15.5% p.a. simple interest for a period of five years and six months?
Choices: A) 5353.72 B) 5353.71 C) 5353.7 D) 5353.73 E) 5353.74
I = (6280 * 5.5 * 15.5)/100   = (6280 * 11 * 31)/(100 * 2 * 2)   = Rs. 5353.7   Answer: 5353.7
<result>C</result>
How much interest can a person get on Rs. 6280 at 15.5% p.a. simple interest for a period of five years and six months?