A sum of money was invested at a certain rate of simple interest for 2 – McqOptions

MCQOPTIONS

1.	A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs. 24 more interest. The sum of money is ?
A.	Rs. 1200
B.	Rs. 1050
C.	Rs. 1000
D.	Rs. 9600
Answer» B. Rs. 1050

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