A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.170 less than the sum lent. What was the sum lent?  Choose the correct choice:  A) 228  B) 278  C) 250  D) 500  E) 821
P - 170 = (P*4*8)/100   P = 250   Answer: 250
<result>C</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.170 less than the sum lent. What was the sum lent?