Rs.500 amounts to Rs.670 in 5 years at simple interest. If the interest is increased by 2%, it would amount to how much?  Choose the correct choice from the following options:
A) 150	B) 550	C) 760	D) 450	E) 260

Rationale: ( 500 * 5 * 2 ) / 100 = 50 500 + 50 = 550 answer : b
Answer: B