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Andrew obtained RM497,000, 10% 3-year loan on January 1. The loan will be paid in three annual instalments of RM200,000, each payable at the end

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Andrew obtained RM497,000, 10\% 3-year loan on January 1. The loan will be paid in three annual instalments of RM200,000, each payable at the end of the year. What is the amount of interest expense that should be recognised by Andrew in the second year? A. RM49,700 B. RM346,700 C. RM34,670

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