A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.238 less than the sum lent. What was the sum lent?	Choose the correct choice
A) 228 B) 350 C) 289 D) 500 E) 821

Rationale: "p - 238 = ( p * 4 * 8 ) / 100 p = 350 answer : b"
Answer: B