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Zandile borrowed money from a bank and she is repaying the loan by making monthly payments of R1777 at the end of every month, each

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Zandile borrowed money from a bank and she is repaying the loan by making monthly payments of R1777 at the end of every month, each payment includes interest and repayment of the principle. The loan will be paid off in 9 years and interest is calculated at a rate of 10.177% per year, compounded monthly. What is the interest component of the 4th payment of the 4th year? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)

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