Exercise 10-2 (Part Level Submission) On May 15, Wild Quest Clothiers borrowed some money on a 5-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 $560. (a) Your answer is correct. Determine the amount borrowed by Wild Quest. (Round intermediate calculation to 6 decimal places, e.g. 1.251241 and final answer to 0 decimal places, e.g. 125.) Amount borrowed by Wild Quest 16800 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER (b) Assume the amount borrowed was $13,608. What was the interest rate if the amount of interest owed was $567? (Round intermediate calculation to 6 decimal places, e.g. 1.251241 and final answer to O decimal places, e.g. 152.) Interest Rate % Click if you would like to Show Work for this question: Open Show Work