Pranav borrows a sum of ₹598397 at the rate of 20% per annum simple interest. At the end of the first year, he repays ₹24284 towards return of princip...

Question

Pranav borrows a sum of ₹598397 at the rate of 20% per annum simple interest. At the end of the first year, he repays ₹24284 towards return of principal amount borrowed. If Pranav clears all pending dues at the end of the second year, including interest payment that accrued during the first year, how much does he pay at the end of the second year?

Options

A.

₹808615

B.

₹812514

C.

₹817567

D.

₹818513

simple interestprincipal repaymentinterest calculation

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