Logic Query using IF statement

declare @v_c int = 250;
declare @v_res int;
	if(@v_c > 100) 
		set @v_res = 2* @v_c;
	else if @v_c > 200 
		set @v_res = 3* @v_c;
	else 
		set @v_res = 4* @v_c;
Print @v_res;

In the above code the both of conditions are TRUE. so what will be the output of above code ?
IF...ELSEIF statement will passes in the sequential order. Hence the result is 500 ( i.e. 2*250 = 500)