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?

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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?

1.Rs.400

2.Rs.450

3.Rs.550

4. Rs.500

Posted Date:-2022-02-21 15:17:18

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