A Co-operative Bank gives H.B. loans under the condition that if the loan be cleared with interest in five years, the rate of simple interest per year is 5%, otherwise it will be 7%. Mr. Rahim and Mr. Ram take the same amount of H.B. loan and clear the loan with interest in 5 and 8 years respectively. If Ram pays Rs. 62,000 more, what is the amount of loan taken by each of them ?

• A. Rs. 200000
• B. Rs. 180000
• C. Rs. 190000
• D. Rs. 210000