Question: What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years?
Options:
(A) Rs. 25800
(B) Rs. 15600
(C) Rs. 21600
(D) Rs. 24800
(E) Rs. 25600 Let's think first. Some random reasoning:
Simple interest = (16000 * 4 * 15)/100 = Rs. 9600
Amount = P + I = 16000 + 9600 = Rs. 25600 The final answer: (E).