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 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 Rs. 24 more interest. The sum of money is ?
A.	s. 1200
B.	s. 1050
C.	s. 1000
D.	s. 9600
Answer» B. s. 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 Rs. 24 more interest. The sum of money is ?

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