What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent? Choose the correct choice:
A) 263	B) 500	C) 367	D) 368	E) 339
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?