Lamar takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of 6.4%. His loan is for $5300 for 10 months Assume each month is 1/12 of a year do not round any intermediate computations, and round your final answers to the nearest cent.
(a)Find the interest that will be owed after 10 months.

(b)Assuming Lamar doesn't make any payments, find the amount owed after 10 months.

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