Sam obtains a loan of ￡6000 for 4 years at a flat rate of 8.5% p.a. If payments on the loan are made every 6 months, calculate the size of each repayment.

You don't state whether any principal is being paid. Makes it impossible to answer correctly.

Sam obtains a loan of ￡6000 for 4 years at a flat rate of 8.5% p.a. If payments on the loan are made every 6 months, calculate the size of each repayment.