Dollars Ltd provided a loan to Moneyweb Ltd on

1 November 2021 of which the capital portion is repayable in nine equal annual instalments

starting on 1 July 2022. 

Interest on the loan is calculated at 15% per annum

and is payable at the end of each financial year. The year-end of

Money Ltd is 31 December. The outstanding balance on the loan, as at

31 December 2024, amounts to R1 620 000

REQUIRED: 

Which one of the following options

represents the amount of interest received by Dollars Ltd for the year

ended 31 December 2024?