On 1 April mazibane has R540, 00 in his credit card account. He buys a lounge suit for R8300, 00 on credit. There is no interest on the debit amount for the first month. Thereafter the interest is 16% per year calculated daily but compounded monthly. On 1 June Mazibane pays R5000 into the account.
How much must Mazibane pay into the account on 30 June to have no debt in the account