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Soll Ltd provided a loan to Fargo Ltd on 1 November 2 0 2 0 of which the capital portion is repayable in eleven equal

Soll Ltd provided a loan to Fargo Ltd on 1 November 2020 of which the capital portion is repayable in eleven equal annual instalments starting on 1 July 2021. Interest on the loan is calculated at 10% per annum and is payable at the end of each financial year.
The year-end of Soll Ltd is 31 December.
The outstanding balance on the loan, as at 31 December 2023, amounts to R540000.
 
 
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Which one of the following options represents the amount of interest received by Soll Ltd for the year ended 31 December 2023?

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