What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years?  Answers
A) Rs. 25800
B) Rs. 15600
C) Rs. 21600
D) Rs. 24800
E) Rs. 25600
Simple interest = (16000 * 4 * 15)/100 = Rs. 9600   Amount = P + I = 16000 + 9600 = Rs. 25600   ANSWRs. 25600R:Rs. 25600
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What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years?