Mathematics, 05.10.2021 19:30 moningersavannah

A restaurant borrows $19,700 from a local bank for 4 months. The local bank charges simple interest at an annual rate of 2.45% for this loan. Assume each month is 112 of a year. Answer each part below.(a)Find the interest that will be owed after 4 months.(b)Assuming the restaurant doesn't make any payments, find the amount owed after 4 months.

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A restaurant borrows $19,700 from a local bank for 4 months. The local bank charges simple interest...

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