Jaclyn buys $40 000 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  Choose the correct choice from the following answers.
A) 950  B) 1234  C) 1289  D) 1345  E) None of these
Explanation:   I=(p x r x t)/100   = 40000*9.5/100*(18/12)^1/6 = 950   950nswer: 950
<result>A</result>
Jaclyn buys $40 000 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