What sum of money will produce Rs.210 as simple interest in 4 years at 3 1/2 percent?
Select the correct option:
A) Rs.2500
B) Rs.1500
C) Rs.1400
D) Rs.1600
E) Rs.1300
210 = (P*4*7/2)/100   P = 1500   Answer: Rs.1500
<result>B</result>
What sum of money will produce Rs.210 as simple interest in 4 years at 3 1/2 percent?