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On 31 January 2020, Dactyl Ltd invested $6 million in a 24-month term deposit earning 4% p.a. Interest is paid quarterly and Dactyl Ltd received

On 31 January 2020, Dactyl Ltd invested $6 million in a 24-month term deposit earning 4% p.a. Interest is paid quarterly and Dactyl Ltd received the interest it was due on 30 April 2020.

Calculate, to the nearest dollar, the amount of accrued revenue Dactyl Ltd would recognise as at 30 June 2020.

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