The following table shows different plans offered by a lender, type of interest and rates of interest applicable during first, second and third year.

Rates of interest for the first year under Plans A and E are `8 2/3%` and `7 3/5%` respectively. A person borrows a total of ₹30,000 partially under Plan A and Plan E and pays a total interest of ₹5540 at the end of third year. How much amount does he borrow under Plan A?

Options

A. ₹14000
B. ₹18000
C. ₹16000
D. ₹12000

Answer

A