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What is the finance cost to be shown in statement of profit

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Question - Lestari issues RM100,000 5% loan notes on 1 January 2021, incurring issue costs of RM3,000. These loan notes are redeemable at a premium, meaning that the effective rate of interest is 8% per annum. What is the finance cost to be shown in the statement of profit or loss for the year ended 31 December 2021?

a. RM7,981

b. RM8,000

c. RM8,240

d. RM7,760

Reference no: EM132920333

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