A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is

A man lent a sum of money at the rate of simple interest of 4%. If the

1.	A man lent a sum of money at the rate of simple interest of 4%. If the interest for 8 years is Rs 340 less than the principal, the principal is
A.	Rs 500
B.	Rs 520
C.	Rs 540
D.	Rs 560
Answer» B. Rs 520