Jaclyn buys $60 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter	Options:
A) 1187.5
B) 1234
C) 1289
D) 1425
E) None of these
Explanation:   I=(p x r x t)/100   = 60000*9.5/100*(18/12)^1/6 = 1425   Answer: 1425
<result>D</result>
Jaclyn buys $60 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter