how to calculate interest rate to be paid for the month of october and what is the opening balance for month of June?

Question 28 5 pts Assume you have secured a loan of $10,000 from a bank which will be paid in one year. The bank has offered you $850 monthly installments, which equates to a 3.67% annualized interest rate, The monthly interest rate of 0.31% is the annual rate divided by 12. You know that the interest is paid at the end of the period, so you can multiply the opening balance by the monthly interest rate to get the interest paid. What is the interest rate to be paid for the month of October? Interest Principal Closing Balance Opening Balance $10,000.00 Month January February March April May June puly August September October November December Monthly Rate Annual Rate Total interest Paid Payment $850.00 $850,00 $850.00 $850.00 $850.00 $850.00 $850.00 $850.00 $850,00 $850,00 $850.00 $850.00 0.31% 3.67%