What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years? Options: A . &nbspRs. 24800 B . &nbspRs. 28400 C . &nbspRs. 24400 D . &nbspRs. 28800 E . &nbspNone of these

What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest

Question

What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?

Answer: Option D

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

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