A farmer meets his short$-$term capital needs by establishing a line of credit and borrowing as follows. All the borrowed money plus interest is paid back on August $1$ when the crop is sold. Calculate the total amount of interest paid, assuming a $5\%$ annual interest rate. Total amount repaid in August is $\_\_\_\_\_\_\_\_\_\_\_\_.$Note: This is a numeric answer question. Round your answer; no decimal. Do not write the $ sign.