Question

Akhil borrowed ₹6500 at a simple interest rate of 27% per annum for 8 years. After 8 years, he added ₹X to the total amount (principal + interest) and reinvested the entire sum at a simple interest rate of 15% per annum for 2 years. If the interest earned from this second investment after 2 years was ₹7200, find the value of ₹X.

A Rs 2840
B Rs 3250
C Rs 3460
D Rs 4140
E None of these
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