Assume that after Miranda opens the three files, she receives a telephone call from Mr Bessik. He offers to settle the debt. He offers to pay R$3000$ immediately and the balance in instalments of R$3000.$ You advise him that an acknowledgement of debt will be signed and that he will pay both interest at the rate of $15\%$ as well as collection commission of $10\%.($Note: you do not have to draft the acknowledgement of debt.$)$

Q$\mathrm{.}2\mathrm{.}4$ Assume that after Miranda opens the three files, she receives a telephone call from Mr Bessik. He offers to settle the debt. He offers to pay R$3000$ immediately and the balance in instalments of R$3000.$ You advise him that an acknowledgement of debt will be signed and that he will pay both interest at the rate of $15\%$ as well as collection commission of $10\%.$

$($Note: you do not have to draft the acknowledgement of debt.$)$

Q$\mathrm{.}2\mathrm{.}4\mathrm{.}1$ Mr Bessik, in addition to the capital owed, is liable for the cost

$(15)$

of the letter of demand, postage. Miranda telephones the client and informs him that Mr Bessik has offered to settle the debt in instalments. Client is happy but instructs Miranda to accept the offer and not to charge Mr Bessik for the LOD or disbursements. Interest is to run from the date of receipt of the LOD, that is $10$ June $2020.$

Assume for this question only that Mr Bessik makes the following payments:

$15$ June paid R$3000$

$1$ July paid R$3000$

$1$ August paid R$3000$

Calculate the amount outstanding as at $1$ August after payment made.

Note: when calculating interest, both days must be included.

Q$\mathrm{.}2\mathrm{.}4\mathrm{.}1$Mr Bessik, in addition to the capital owed, is liable for the cost of the letter of demand, postage. Miranda telephones the client and informs him that Mr Bessik has offered to settle the debt in instalments. Client is happy but instructs Miranda to accept the offer and not to charge Mr Bessik for the LOD or disbursements. Interest is to run from the date of receipt of the LOD, that is $10$ June $2020.$Assume for this question only that Mr Bessik makes the following payments:$15$ June paid R$30001$ July paid R$30001$ August paid R$3000$Calculate the amount outstanding as at $1$ August after payment made.Note: when calculating interest, both days must be included.