Billy Thornton borrowed $75,000 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. $449.73

b. $456.53

c. $451.43

d. $453.13

e. $454.83