What sum of money will produce Rs.80 as simple interest in 2 years at 16 percent?  Pick:
A) 400 B) 250 C) 300 D) 350 E) 200
80 = (P*2*16)/100   P = 250   Answer: 250
<result>B</result>
What sum of money will produce Rs.80 as simple interest in 2 years at 16 percent?