Answer:
$11,118.00
Step-by-step explanation:
How simple interest is calculated
FV = principal × ( 1 + rate × years )
FV = 6540 × (1 + (0.05 × 14))
FV = 6540 × 1.7 = 11118
Interest = 11118 - 6540 = 4578
(Side note, I used a simple interest calculator to do this. )
