A restaurant borrows $12,800 from a local bank for 11 months. The local bank charges simple interest at an annual rate of 7.3% for this loan. Assume each month is 1/12 of a year. Answer each part below. a.) find interest that will be owed after 11 months.

b.) assuming the restaurant doesn't make any payments, find the amount owed after 11 months.

Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.​