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Discussion :: Simple Interest

  1. What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?
    2. A.
    Rs. 24800
    B.
    Rs. 28400
    C.
    Rs. 24400
    D.
    Rs. 28800
    E.
    None of these

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    Answer : Option D

    Explanation :

    Simple interest = (18000 * 4 * 15)/100 = Rs. 10800

    Amount = P + I = 18000 + 10800 = Rs. 28800

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