Janice owns a hair salon and needs $20,000 to renovate her salon. She borrows the money on a 30-month personal bank note. The simple interest rate charged is 5.75%.

a) How much interest does Janice pay?

b) Determine the amount Janice must repay the bank on the due date of the note.

If necessary round all dollar figures to the nearest cent and round percent to the nearest hundredth of a percent.