QUESTION 4

FOR QUESTIONS 4, REFER TO THE FOLLOWING

INFORMATION:

 You

have been presented with the following information about  Reserve

Bank Debenture (RBD) that has been issued by the South African Reserve

Bank (TBs) to ABSA Bank:

Amount invested/nominal value    =

      R20 million

Issue

date              

                             =       23 April

2025

Maturity date

       =

      13 May 2025

Days                      

           =

      20 days

Interest                  

          =

      9.4 p.a.

(Note: Use 365 days.)

The South African Reserve

Bank must therefore pay … in interest to ABSA Bank at the end of the period.

1. R102 800
2. R152 800
3. R161 800
4. R170 800