31 August 2013: accrued interest (6 months) +R6,000
31 August 2013: loan payment at R10,000
31 August 2013: new Balance = R56,000
28 February 2014: accrued interest (6 months) = R5,600
A loan is made on 1 march 2013 'R60000' at 20% p.a. R10000 of the loan amount was repaid on 31 August 2013 and it has to be repaid on 31 August in annual instalments of R10000. What is the interest capitalised?
