ongani borrows R150000 from a bank ater and R90 000 another year later. onthly. He pays back R50 000 a year later and What is the outstanding balance immediately after he paid the R 90000 ? A year after paying the R 90000 , he wishes to settle the loan with a single payment. What amount must he pay to settle the loan?

To determine the outstanding balance after Ongani pays back the R90,000 loan and the amount he must pay to settle the loan a year later, we need to follow these steps: 1. **Initial Loans**: - First loan: R150,000 - Second loan: R90,000 2. **Outstanding Balance After Paying R90,000**: - After taking the second loan of R90,000, the total outstanding balance is: \[ \text{Total Outstanding} = R150,000 + R90,000 = R240,000 \] - If Ongani pays back R50,000 a year later, the outstanding balance after this payment will be: \[ \text{Outstanding Balance} = R240,000 - R50,000 = R190,000 \] 3. **Outstanding Balance Immediately After Paying R90,000**: - The outstanding balance immediately after he pays the R90,000 is still R240,000, as he hasn't made any payments yet. 4. **Settlement Amount a Year After Paying R90,000**: - Assuming no interest is charged on the loans for simplicity (or if we had the interest rate, we would calculate the interest accrued), the outstanding balance remains R190,000 after the R50,000 payment. - If Ongani wishes to settle the loan a year after paying the R90,000, he would need to pay the outstanding balance of R190,000. ### Summary: - **Outstanding balance immediately after paying R90,000**: R240,000 - **Amount to settle the loan a year later**: R190,000 (assuming no interest is charged). If there are interest rates involved, please provide those details for a more accurate calculation.