Use some thinking to answer the following question. What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years?\nOptions:\n(A) 29893\n(B) 27773\n(C) 25600\n(D) 28800\n(E) 29883
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Simple interest = (16000 * 4 * 15)/100 = Rs. 9600\nAmount = P + I = 16000 + 9600 = Rs. 25600 So the final answer is (C).
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