state gov WBPSC Food SI Mock Test 2023 Quantitative Aptitude Interest Simple Interest

A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 2% higher rate, it would have fetched Rs. 50 more interest. The sum of money is:

1
Rs. 1250
2
Rs. 1050
3
Rs. 1300
4
Rs. 1200
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