jaclyn buys $ 30 000 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
"explanation : i = ( p x r x t ) / 100 = 30000 * 9.5 / 100 * ( 18 / 12 ) ^ 1 / 6 = 712.50 answer : a"
divide(divide(multiply(multiply(const_100, const_100), 9.5), const_100), const_4)