Exercise 10-2 (Part Level Submission) on May 15, Criqui Outback Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $450. (a) Your answer is correct. Determine the amount borrowed by Criqui. (Round intermediate calculation to 6 decimal places, e.g. 1.251241 and final answer to 0 decimal places, e.g. 125.) Amount borrowed by Criqui 16875 Click if you would like to show Work for this question Open Show Work (b) Assume the amount borrowed was $16,830. What was the interest rate if the amount of interest owed was $561? (Round answer to o decimal places, e.g. 152.) Interest Rate Click if you would like to show Work for this question Open Show Work