Q98
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
AnswerB.
Rs. 1050
C.
Rs. 1000
D.
Rs. 9600
Answer: Option A
Solution
Answer: Option A
Solution:
More interest paid in 2 years