Simple and Compound ineterestA man borrowed rs 40000 at 8% simple interest per year. At the end of second year, he paid back certain amount and at the end of fifth year, he paid back rs 35960 and cleared the debt. What is the amount did he pay back after the second year?

• A. rs 16200
• B. None of these
• C. rs 17400
• D. rs 18600