A fellow borrowed a certain sum of money at 8% per annum at simple interest and in 8 years the interest amounted to Rs.900 less than the sum lent. What was the sum lent?
Choose the correct choice from the following options:
A) 1050
B) 1220
C) 2500
D) 1060
E) 1110
P - 900 = (P*8*8)/100   P = 2500   Answer: 2500
<result>C</result>
A fellow borrowed a certain sum of money at 8% per annum at simple interest and in 8 years the interest amounted to Rs.900 less than the sum lent. What was the sum lent?