An amount of Rs. P was put at simple interest at a certain rate for 4 years. If it had been put at a 6% higher rate for the same period, it would have fetched Rs. 600 more interest. What is the value of 2.5 P?

1
Rs. 3,750
2
Rs. 6,250
3
Rs. 4,850
4
Rs. 2,500

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