Answer:
$35,000
Step-by-step explanation:
The amount that would be repaid = amount borrowed + interest earned on loan
interest earned on deposit can be determined by determining the simple interest
Simple interest = principal x time x interest rate
principal = the amount deposited = 20,000
Time = the duration of the deposit =5
interest rate = the percentage on deposit that would be earned = 15
20,000 x 5 x 0.15 = $15,000
total = 20,000 + 15,000 = $35,000
