Question

The interest earned on investing Rs. 'P' for 5 years at simple interest of 10% p.a. is Rs. 500 more than the interest earned on investing Rs. (P - 1,500) for 5 years at simple interest of 11% p.a. Find the value of '2P'.

A 18,690
B 17,500
C 13,000
D 10,625
E None of these
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