Here, P = Rs 85000, R = 7 p.c.p.a., T = 2(1/2) years = 2.5 years
∴ Total interest = (P x R x T)/100
= (85000 x 7 x 2.5)/100
= (85000 x 7 x 25)/(100 x 10)
= 85 x 7 x 25
= Rs. 14875
∴ The total interest received by Shrikant at the end of the period is Rs 14875.