Question

Rahul borrowed Rs. 30,000 from his friend at compound interest of 10% p.a., compounding annually. He added Rs. 'P' to this money and lent the total sum to Arjun at simple interest of 10% p.a. for 3 years. If total profit earned by Rahul at the end of 3 years is Rs. 1,950, then find the value of 'P'.

A 6000
B 7200
C 8400
D 9600
E 11000
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