Alan takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of 8.95%. His loan is for $3500 for 11 months. Assume each month is j of a year. Answer each part below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 11 months. x 6 ? (b) Assuming Alan doesn't make any payments, find the amount owed after 11 months. $/7