question_answer

A man borrowed Rs. 40000 at 8% simple interest per year. At the end of the second year he paid back certain amount and at the end of fifth year he paid back Rs. 35,960 and cleared the debt. What amount did he pay back after the second year?

A) Rs. 16,200        

B) Rs. 17,400

C) Rs. 18,000        

D) None of these