For a certain sum, the simple interest in 2 yr at 8% per annum is 110 more than the simple interest in 1 yr at the ratio of 5% per annum for the same sum. Find the sum.

For a certain sum, the simple interest in 2 yr at 8% per annum is 11

1.	For a certain sum, the simple interest in 2 yr at 8% per annum is 110 more than the simple interest in 1 yr at the ratio of 5% per annum for the same sum. Find the sum.
A.	5000
B.	1000
C.	1050
D.	950
Answer» C. 1050

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For a certain sum, the simple interest in 2 yr at 8% per annum is 110 more than the simple interest in 1 yr at the ratio of 5% per annum for the same sum. Find the sum.

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