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 24 more inter-est. The sum of money is :

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

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 24 more inter-est. The sum of money is :
A.	1200
B.	1050
C.	1000
D.	9600
Answer» B. 1050

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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 24 more inter-est. The sum of money is :

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