From the following information, the income statement of Al Ahli Bank Ltd., for the year ended on 31st March 2020. Interest and discount received OMR 2,200,000. Interest paid on deposits OMR 550,000. Commission, OMR 220,000. Rent received OMR 50,000, operating expense OMR 20,000. Last year profit. Rebate on bill discounted OMR 20,000. What is the total of interest earned?

a.

OMR 2,000,000,

b.

OMR 2,200,000,

c.

OMR 2,180,000,

d.

OMR 3,200,000.

On 1st January 2018 a bill of OMR 800,000 is discounted with a bank @ 10% per annum. The due date of the bill is 31st October 2018. How much is the interest of the bank?

a.

OMR 66,667,

b.

OMR 70,000,

c.

OMR 800,00,

d.

OMR 60,000