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Posted on Oct 06, 2024

Gavin Sadler has arranged for a 6 0 - day loan at an annual interest rate of 7 . 5 % per annum. If the

Gavin Sadler has arranged for a

60 -

day loan at an annual interest rate of

7.5 %

per annum. If the loan amount is R

1 000 000,

how much interest will Mr Johnson pay in rand terms?

(

Assume a

360 -

day year.

)

.

25 000

.

75 000

.

0

.

12 500

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