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A restaurant borrows $14,800 from a local bank for 10 months. The local bank charges simple interest at an 1 annual rate of 4.55% for

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A restaurant borrows $14,800 from a local bank for 10 months. The local bank charges simple interest at an 1 annual rate of 4.55% for this loan. Assume each month is E of a year. Answer each part below. Do not round any intermediate computations, and round your nal answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will he owed after 10 months. ' X 53 5ill (b) Assuming the restaurant doesn't make any payments, nd the amount owed after 10 months. $[l

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