Use the Following Information to Answer Bellow Questions

Multiple Choice

Use the following information to answer bellow Questions
A U.S. company purchases a 90-day certificate of deposit from a Singapore bank on May 15, when the spot rate is $0.72/S$. The certificate has a face value of S$100,000 and pays interest at an annual rate of 2 percent. On August 13, the certificate of deposit matures, and the company receives principal and interest of S$100,500 and records interest revenue on the investment. The spot rate on August 13 is $0.75/S$. The average spot rate for the period May 15 - August 13 is $0.73/S$. The company's accounting year ends December 31.
-The total exchange gain or loss on this investment is:

A) $3,000 gain
B) $3,000 loss
C) $2,000 loss
D) $2,000 gain