A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340 less than the sum lent. What was the sum lent?	Choose the correct choice from the following answers:  A) Rs. 500  B) Rs 569  C) Rs478  D) Rs369  E) Rs178
Explanation:   P - 340 = (P*4*8)/100   P =Rs. 500   Rs. 500nswer: Rs. 500
<result>A</result>
A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340 less than the sum lent. What was the sum lent?