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An investor placed RM380,000 in USRM when the exchange rate was US1:RM3.80. Interest rate was 5% per annum. After 3 years, the exchange rate change

An investor placed RM380,000 in USRM when the exchange rate was US1:RM3.80. Interest rate was 5% per annum. After 3 years, the exchange rate change to US1:RM2.80. How much is the monetary loss upon withdrawal of the USRM deposit when converted to ringgit Malaysia after 3 years.

Select one: a. RM90,594 b. RM115,762 c. RM55,865 d. RM100,000

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