Ramu lent ₹3,000 to Raju and a certain sum to Ravi at the same time and at the same rate of simple interest of 8% per annum. After 5 years, he received a sum of ₹1,600 from Raju and Ravi together as interest. Find the sum lent to Ravi.
1
₹1,000
2
₹1,250
3
₹1,200
4
₹1,500