Question
Quantitative Aptitude Question on SI & CI
A man deposits Rs.50 in a bank at the beginning of every month. If 10% simple interest is reckoned, how much money is he eligible to get at the end of 24 months?
A
Rs.1350
B
Rs.1300
C
Rs.1250
D
Rs.1325
E
Rs. 1200
Answer
Rs. 1200
Explanation
Solution
The correct option is (E): Rs. 1200.