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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Q. 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

(B) Rs. 1050

(D) Rs. 9600

Correct Answer - Option(A)

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