What sum of money will produce Rs.70 as simple interest in 4 years at 3 1/2 percent?
Choose the correct option.
A) 988
B) 500
C) 378
D) 373
E) 287
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?