Find the simple interest on Rs. 70,000 at 16 2/3% per year for 9 months.  Choose the correct option
A) 7500	B) 6500	C) 8750	D) 9500	E) none of them

Rationale: "p = rs . 70000 , r = 50 / 3 % p . a and t = 9 / 12 years = 3 / 4 years . simple interest = ( p * r * t ) / 100 = rs . ( 70,000 * ( 50 / 3 ) * ( 3 / 4 ) * ( 1 / 100 ) ) = rs . 8750 answer is c ."
Answer: C