a person lent a certain sum of money at 5 % per annum at simple interest and in 8 years the interest amounted to $ 480 less than the sum lent. what was the sum lent?  Select:
A) 700
B) 800
C) 900
D) 1000
E) 1100
<gadget id="calculator">5 * 8</gadget>
<output>40</output>

<gadget id="calculator">40 / 100</gadget>
<output>2/5 = around 0.4</output>

<gadget id="calculator">1 - (2/5)</gadget>
<output>3/5 = around 0.6</output>

<gadget id="calculator">480 / (3/5)</gadget>
<output>800</output>

<result>B</result>
a person lent a certain sum of money at 5 % per annum at simple interest and in 8 years the interest amounted to $ 480 less than the sum lent. what was the sum lent?
divide(480, subtract(const_1, divide(multiply(5, 8), const_100)))
"p - 480 = ( p * 5 * 8 ) / 100 p = 800 the answer is b ."