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?	Answers:
A) Rs:567 B) Rs:518 C) Rs:519 D) Rs:500 E) Rs:520
P - 340 = (P*4*8)/100   P = 500   Answer:Rs:500
<result>D</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?