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What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?

  • A.Rs. 24800
  • B.Rs. 28400
  • C.Rs. 24400
  • D.Rs. 28800

Answer: D

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

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

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