Since the sides are in the ratio 2:7, together they make up 9 equal parts, and these 9 parts add up to the semi-perimeter (half the perimeter).
Semi-perimeter \(=\frac{360}{2}=180\) m.
Length (7 parts out of 9):
\[\frac{7}{9}\times180=140\text{ m}\]
Breadth (2 parts out of 9):
\[\frac{2}{9}\times180=40\text{ m}\]
The length and breadth of the rectangle are 140 m and 40 m.
Hence, the correct answer is Option A: 140m, 40m.