A sum amounts to ₹4,260 in 5 years at the rate of 4% p.a. simple interest. What will be the simple interest (in ₹, nearest to a ₹) on the same sum for 4\frac{1}{5} years at the rate of 8\frac{1}{2}\% p.a.?

A

1,250

B

1,267

C

1,285

D

1,271