If the simple interest on a certain amount in at 4% rate 5 years amounted to Rs.2080 less than the principal. What was the principal? Choose the most appropriate option.
A) 1500 B) 2600 C) 2507 D) 3200 E) 11500
P - 2080 = (P*5*4)/100   P = 2600   Answer: 2600
<result>B</result>
If the simple interest on a certain amount in at 4% rate 5 years amounted to Rs.2080 less than the principal. What was the principal?