Browse Questions
Home  >>  AIMS

# 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?

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

$Rs.1250$
Hence (C) is the correct answer.