What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years? Choose the correct choice from the following answers: A) 29893 B) 27773 C) 25600 D) 28800 E) 29883
Simple interest = (16000 * 4 * 15)/100 = Rs. 9600   Amount = P + I = 16000 + 9600 = Rs. 25600   Answer: 25600
<result>C</result>
What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years?