Co. JQK is granted a $50,000 revolving credit agreement by a bank. The stated interest rate is 6%p.a. for the used amount and the commitment fee is 0.5%p.a. for any unused balance. If the company has withdrawn $35,000 for the year, what is the total annual financing cost payable by the company?

Group of answer choices

$2,100.

$3,000.

$2,175.

$1,075.