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Question
What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?
Options:
A .  Rs. 24800
B .  Rs. 28400
C .  Rs. 24400
D .  Rs. 28800
E .  None of these
Answer: Option D


Simple interest = (18000 * 4 * 15)/100 = Rs. 10800Amount = P + I = 18000 + 10800 = Rs. 28800



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