Question $2$

Shaun borrowed R$50000$ from the bank. One year later he pays the bank R$5000$ and still owes it R$50000.$

Which of the following statements are correct?

a$)$ The R$50000$ is the capital amount that must be paid back to the bank at some point in time

b$)$ The R$5000$ is called the interest rate

c$)$ The interest rate is $10\%$ per annum