What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for two years?
Options:
(A) 29893
(B) 27773
(C) 29989
(D) 28800
(E) 23400 Stream of consciousness:
Simple interest = (18000 * 2 * 15)/100 = Rs. 5400
Amount = P + I = 18000 + 5400 = Rs. 23400
Thus, the answer is (E).