The opening balance of Prize Fund was Rs 32,800. During the year, donations received towards this fund amounted to Rs 15,400, amount spent on prizes was Rs 12,300 and interest received on prize fund investment was Rs 4,000. The closing balance of Prize Fund will be :

Options

A. Rs 56,500
B. Rs 64,500
C. Rs 39, 900
D. Rs 31,900

Answer

C