#17 Syamail Corporation needs RM 100,000 additional financing for the project that will take five (5) months to complete. The bank offers a discounted loan at 10 percent per annum and requires the company to maintain a compensating balance of 15 percent of the loan amount. If the company has RM10,000 available for the compensating balance, what is the cost to the company of taking up such a loan? Answer 5.26 percent 110 percent 12.63 percent 25 26 percent