Soll Ltd provided a loan to Fargo Ltd on 1 November 2020 of which the capital portion is repayable in eleven equal annual instalments starting on 1 July 2021. Interest on the loan is calculated at 10% per annum and is payable at the end of each financial year.The year-end of Soll Ltd is 31 December.The outstanding balance on the loan, as at 31 December 2023, amounts to R540 000.REQUIRED:Which one of the following options represents the amount of interest received by Soll Ltd for the year ended 31 December 2023?

Calculate the total amount Will will pay in interest over the five year termof the loan.

A person takes a loan of Rs. 200 at 5% simple interest on the outstanding amount. He returns Rs. 100 at the end of one year. In order to clear his due at the end of 2 years, he would pay:OptionsNone of theseRs. 110Rs. 125.50Rs. 115.50

A business receives $210,000 from a bank loan on the balance date of 31 December 2022. The loan has interest payable of 10% per annum and interest is paid twice a year on 30 June and 31 December. What is the interest payable account balance at 30 June 2023?Group of answer choicesNil (i.e., zero balance)$21,000$231,000$10,500

Avala borrowed Rs 4800 at a simple interest rate of 12.5% per annum for 2 years. Calculate the total interest paid by Avala?Options1400 1250 13001200

Select the correct answerA person takes a loan of Rs. 200 at 5% simple interest on the outstanding amount. He returns Rs. 100 at the end of one year. In order to clear his due at the end of 2 years, he would pay: