Peter invests a sum of money and gets back an amount of $ 810 in 3 years . David invests an equal amount of money and gets an amount of $854 in 4 years. If both amounts were invested at the same rate (simple interest ) What was the sum of money invested ?	Select:
A) 670 B) 683 C) 698 D) 744 E) 700

Rationale: since both peter and david invested the same amount of money at the same rate , they would earn same interest per year . david invested for one year more than peter and hence he got interest amount for one more year . interest earned per year = amount received by david - amount received by peter = 854 - 810 = 44 interest earned for 3 years = 44 * 3 = 132 amount invested = 815 - 132 = 683 answer : b
Answer: B