If simple interest earned by Mr Ishan on a certain sum of money “P” for 8 years at 4% per annum is same as the simple interest on Rs. 56,000 for 8 years at the rate of 12% per annum then “P” is

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If simple interest earned by Mr Ishan on a certain sum of money “P” for 8 years at 4% per annum is same as the simple interest on Rs. 56,000 for 8 years at the rate of 12% per annum then “P” is