What amount does Kiran get if he invests Rs. 18000 at 12% p.a. simple interest for four years?
Pick:
A) 29893 B) 26640 C) 29989 D) 28800 E) 29883
Simple interest = (18000 * 4 * 12)/100 = Rs. 8640   Amount = P + I = 18000 + 8640 = Rs. 26640   Answer: 26640
<result>B</result>
What amount does Kiran get if he invests Rs. 18000 at 12% p.a. simple interest for four years?