How much interest can a person get on Rs. 8000 at 17.5% p.a. simple interest for a period of two years and six months? Choose the correct choice from the following choices
A) 3587.58  B) 3500  C) 3587.5  D) 3587.52  E) 3587.56
I = (8000 * 2.5 * 17.5)/100 = (8000 * 5 * 35)/(100 * 2 * 2) = Rs. 3500.Answer: 3500
<result>B</result>
How much interest can a person get on Rs. 8000 at 17.5% p.a. simple interest for a period of two years and six months?