What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?\nOptions:\n(A) 29893\n(B) 27773\n(C) 29989\n(D) 28800\n(E) 29883
Let’s work this out in a step by step way to be sure we have the right answer.
(D)
Simple interest = (18000 * 4 * 15)/100 = Rs.

10800\nAmount = P + I = 18000 + 10800 = Rs.

28800.

So, the final answer is (D)