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Huai takes out a $ 3 3 0 0 student loan at 6 . 6 % to help him with 2 years of community college.

Huai takes out a $3300 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he transfers to a state university and borrows another $12,100 to defray expenses for the 5 semesters he needs to graduate. He graduates 4 years and 4 months after acquiring the first loan and payments are deferred for 3 months after graduation. The second loan was acquired 2 years after the first and had an interest rate of 7.7%. Find the total amount of interest that will accrue until payments begin.
Part: 0/3
Part 1 of 3
(a) Find the total amount of interest that will accrue for loan 1(community college).
The total amount of interest that will accrue for loan 1(community college) is $. Round your answer to two decimal places, if necessary.
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