What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for two years?\nOptions:\n(A) 29893\n(B) 27773\n(C) 29989\n(D) 28800\n(E) 23400
Let’s work this out in a step by step way to be sure we have the right answer.
(E)
Simple interest = (18000 * 2 * 15)/100 = Rs.

5400\nAmount = P + I = 18000 + 5400 = Rs.

23400.

So, the final answer is (E)