A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then 56 more would have been obtained. What is the sum ?

A sum was invested for 4 yr at a certain rate of simple interest. If i

1.	A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then 56 more would have been obtained. What is the sum ?
A.	680
B.	700
C.	720
D.	820
E.	None of the above
Answer» C. 720

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A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then 56 more would have been obtained. What is the sum ?

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