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Q5. On January 1, 2019, Bank Dhofar issued CD in Muscat Securities Market which will mature on October 30, 2019. The CD pays a 7

Q5. On January 1, 2019, Bank Dhofar issued CD in Muscat Securities Market which will mature on October 30, 2019. The CD pays a 7 % interest rate. Calculate the interest earned on this CD with a face value of 100000. Assume all month to be of 30 days. A) 5753.424 B) 6260.274 C) 7260.274 D) 8260.274 E) None

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