A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum?

A certain sum is invested at simple interest at 18% p.a. for two ye

1.	A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum?
A.	Rs. 7000
B.	Rs. 8500
C.	Rs. 8000
D.	Rs. 7500
Answer» B. Rs. 8500

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A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum?

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