A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.204 less than the sum lent. What was the sum lent?
Pick one
A) 228 B) 278 C) 300 D) 500 E) 821

Rationale: p - 204 = ( p * 4 * 8 ) / 100 p = 300 answer : c
Answer: C