Ashok borrowed some money at simple interest at the rate of 10% per annum for the first 3 years and at the rate of 12% per annum for the next 5 years. If he pays a total interest of Rs. 13500 at the end of 8 years then how much money did he borrow?

1
Rs. 16000
2
Rs. 18000
3
Rs. 20000
4
Rs. 15000

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