What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?
Options:
(A) 28800
(B) 24800
(C) 24400
(D) 20000
(E) None Think first, then make a decision. Some random thoughts:
Simple interest = (18000 * 4 * 15)/100 = Rs. 10800
Amount = P + I = 18000 + 10800 = Rs. 28800 So the answer is (A).