Consider the question. What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for five years?
Options:
(A) 31500
(B) 27773
(C) 29989
(D) 28800
(E) 29883
What is the step-by-step reasoning process to arrive at the answer: (A)?
Simple interest = (18000 * 5 * 15)/100 = Rs. 13500
Amount = P + I = 18000 + 13500 = Rs. 31500