Answer :
Answer:
$1,150
Step-by-step explanation:
The computation of the interest that should be paid at the end of 5 years is shown below:
As we know that
Simple interest = Principal × rate of interest × time period
= $2,000 × 11.5% × 5
= $1,150
Answer:
$1,150
Step-by-step explanation:
The computation of the interest that should be paid at the end of 5 years is shown below:
As we know that
Simple interest = Principal × rate of interest × time period
= $2,000 × 11.5% × 5
= $1,150