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Sanjay deposits Rs.1000 in a bank for 2years.For the first year the simple interest is calculated at a rate of 15% and for the second year the interest is calculated at a rate of 10%.What is the amount he gets after 2 years?

$\begin{array}{1 1}(A)\;Rs.1275\\(B)\;Rs.1265\\(C)\;Rs.1250\\(D)\;Rs.1255\end{array} $

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1 Answer

$Rs.1250$
Hence (C) is the correct answer.
answered Apr 11, 2014 by sreemathi.v
 

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