You Have Two Options Available in Repaying a Loan

Multiple Choice

You have two options available in repaying a loan.You can pay $200 at the end of 5 months and $300 at the end of 10 months or you can pay $X at the end of 3 months and $2X at the end of 6 months.What is X if the simple interest rate is 6% and the focal date is at the end of 5 months.

A) $169.16
B) $168.05
C) $164.22
D) $163.14