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A company borrowed 7.5 million from local bank at interest rate of 1.pdf

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A company borrowed $7.5 million from a bank on January 1, 2019 at 10% interest to start a construction project. The company paid $6 million evenly from March to December, leaving some of the loan unpaid. The excess funds were invested at 6% return from July 2019.

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A company borrowed 7.5 million from local bank at interest rate of 10% on January 1 the construction also started at January 1 2019 . The company paid evenly 6 million from 1st march to December and no remaining loan were paid during the year.excess amount were invested at 6% return from July 2019 what will be the amount of borrowing cost to be capitalized at Dec 2019 ?

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