A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 240. Find the sum? Choose the correct choice from the following answers
A) 7000 B) 7029 C) 2778 D) 2800 E) 2000
Let the sum be Rs. x.   (x * 18 * 2)/100 - (x * 12 * 2)/100 = 240 =&gt; 36x/100 - 24x/100 =240   =&gt; 12x/100 = 240 =&gt; x = 2000.Answer:2000
<result>E</result>
A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 240. Find the sum?