please Show caluclations og how we got 10.00 Percent

The bank has determined the information below for one of its customers. This customer wants to borrow $1,000,000 but will maintain an average deposit balance in its account of $200,000 What is the interest rate the bank is charging the customer on the funds they have borrowed? Revenues Costs Interest Revenues Commitment Fee Deposit Service Fees Agency Fees $1,000,000 $15,000 $5,000 $6000 Deposit Interest Cost of Other Funds Raised Loan Processing Costs Activity and Record Keeping Costs $30,000 $890,000 $8000 $16,000 A) 10.00 percent B) 12.50 percent C) 10.25 percent D) 13.75 percent E) None of the above Answer: A The bank has determined the information below for one of its customers. This customer wants to borrow $1,000,000 but will maintain an average deposit balance in its account of $200,000 What is the interest rate the bank is charging the customer on the funds they have borrowed? Revenues Costs Interest Revenues Commitment Fee Deposit Service Fees Agency Fees $1,000,000 $15,000 $5,000 $6000 Deposit Interest Cost of Other Funds Raised Loan Processing Costs Activity and Record Keeping Costs $30,000 $890,000 $8000 $16,000 A) 10.00 percent B) 12.50 percent C) 10.25 percent D) 13.75 percent E) None of the above Answer: A