BANK SBI Apprentice Mock Test 2023 Quantitative Aptitude Interest Simple Interest

A sum was put at simple interest at certain rate for 2 years. Had it been put at 1% higher rate of interest, it would have fetched Rs. 24 more. What is the sum?

1

Rs. 500

2

Rs. 600

3

Rs. 800

4

Rs. 1200

5

Rs. 900

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