The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR, matures on March 31 2019. The spot rate of OMR 2.50. What is the value of interest expenses? Select one: a. OMR 12,400 b. OMR 1,500,000 c. OMR 31,000 d. None of the other points

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Q: The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is…

A: Answer The interest rate bank = 12,400 The spot rate of OMR = 2.50

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