A person lent a certain sum of money at 6% per annum at simple interest and in 8 years the interest amounted to $520 less than the sum lent. What was the sum lent?	Choose the correct answer
A) 800
B) 1000
C) 1200
D) 1400
E) 1600

Rationale: "p - 520 = ( p * 6 * 8 ) / 100 p = 1000 the answer is b ."
Answer: B