Answer the following multiple$-$choice questions. Indicate your choice by selecting only one option from the four options given for each question answered. Round off all calculations to the nearest Rand or $2$nd decimal $\%,$ where applicable.

QUESTION $14$:

Green $($Pty$)$ Ltd received a loan from Sustainability Fund Ltd in the amount of R$3,400,000$ to build a solar power plant in the Karoo. The loan agreement was signed on $1$ January $2023,$ with interest calculated on the loan at $10\%$ per annum after tax. Repayments of R$500,000$ are made annually in arrears.

REQUIRED:

What is the outstanding capital balance of the loan as on $31$ December $2023?$

$1.$

R$2900000$

$2.$

R$3400000$

$3.$

R$3240000$

$4.$

R$3000000$