Raju took a loan at 8% per annum simple interest for a period of 5 years. At the end of five years he paid Rs.10640 to clear his loan. How much loan did he take?
Rs.7800
Rs.8000
Rs.7700
Rs.7600
Rs.8500
Because S.I is always equal in every year , so in 5 years with 8 % rate S.I 40 % of P
Amount is 40 % of P
Amount is 140 % of P so , p is