Jaclyn buys $10 000 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 one
A) 237.5
B) 234
C) 289.5
D) 345
E) none of these

Rationale: explanation : i = ( p x r x t ) / 100 = 10000 * 9.5 / 100 * ( 18 / 12 ) ^ 1 / 6 = 237.5 answer : a
Answer: A