Because of the economic slowdown, a multinational company curtailed some of the allowances of its employees. Rashid, the marketing manager of the company whose monthly salary has been reduced to Rs 42,000 is unable to cut more on his expenditure. He finds that there is a deficit of Rs 2,000 between his earning and expenses in the first month. This deficit, because of inflationary pressure, will keep on increasing by Rs 500 every month. Rashid has a saving of Rs 60,000 which will be used to fill the deficit. After his savings get exhausted, Rashid would start borrowing from his friends. How soon will he start borrowing?

A.

10thmonth

B.

11thmonth

C.

12thmonth

D.

13thmonth