Simple interest = (16000 * 4 * 15)/100 = Rs. 9600
Amount = P + I = 16000 + 9600 = Rs. 25600
What amount does Kiran get if he invests Rs. 16000 at 15% p.a. simple interest for four years?
(1) 29893
(2) 27773
(3) 25600
(4) 28800
(5) 29883