Simple interest = (18000 * 5 * 15)/100 = Rs. 13500
Amount = P + I = 18000 + 13500 = Rs. 31500
What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for five years?
- 31500
- 27773
- 29989
- 28800
- 29883