5.1 Fashanu Traders purchased a machine that cost R500000 with no residual value was on the 1 January 2020 . The machine is expected to have a 5 -year useful life. Determine the annual depreciation expense using the reducing balance method for the financial year ending. 5.1.1 31 December 2020 5.1.2 31 December 2021 5.1.3 31 December 2022 (3) 5.2. You are tired at the end of the semester and decide to borrow R50 000 to go on a trip to Miami, Florida. You go to the bank and borrow the money at 11% repayable in 2 years. 5.2.1 Find the interest you will pay on the loan. 5.2.2 How much will you have to pay the bank at the end of the two years? 5.3 Julia Roberts borrows R2 500 from a bank and repays R2 631.25 after 7 months including interest. Calculate the interest rate charged on the loan