Billy Thornton borrowed $205,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? Select the correct answer.

a. $1,233.74

b. $1,236.14

c. $1,243.34

d. $1,238.54

e. $1,240.94