A fellow borrowed a certain sum of money at 5% per annum at simple interest and in 5 years the interest amounted to Rs.750 less than the sum lent. What was the sum lent?
Choose the correct choice from the following answers:
A) 1000  B) 1220  C) 1250  D) 1060  E) 1110
P - 750 = (P*5*5)/100   P = 1000   1000nswer: 1000
<result>A</result>
A fellow borrowed a certain sum of money at 5% per annum at simple interest and in 5 years the interest amounted to Rs.750 less than the sum lent. What was the sum lent?