A person lent a certain sum of money at 6% per annum at simple interest and in 8 years the interest amounted to $572 less than the sum lent. What was the sum lent? Choose the correct option
A) 1000	B) 1100	C) 1200	D) 1300	E) 1400
P - 572 = (P*6*8)/100   P = 1100   The answer is 1100.
<result>B</result>
A person lent a certain sum of money at 6% per annum at simple interest and in 8 years the interest amounted to $572 less than the sum lent. What was the sum lent?