Jackie Rider took out a loan of $20,000 to be repaid at the end of 7 months in one payment with interest at 11 and a half percent how much is the interest do and what was the total amount Jackie have to pay at the end of the loan

The interest was 2,300 and he had to pay 22,300 at the end of the loan

Step-by-step explanation:

he only had to make a one time payment so he only has to make the interest one time. take 20,000 times. 115 which is 11.5% in decimal form which is 2,300, that is how much interest he had to pay. the total amount he had to pay was the loan ($20,000) plus the interest ($2,300) so he paid in total $22,300