It is determined that $$6,400$ will be available to go toward servicing the debt

at the end of Q$2$ based on the Cash Budget. There is an outstanding loan of

$$15,400$ taken out at the beginning of Q$1.$ It has an interest rate of $8\%$ per

year. Given this information, determine the amount of interest that will be paid

in servicing debt in Q$2.$

a$.$ $$1,232$

b$.$ $$308$

c$.$ $$616$

d$.$ $$2,464$