Question: Mark's website development business was doing well and he wanted to lend the surplus earnings he made to his friend who was in need of

Mark's website development business was doing well and he wanted to lend the surplus earnings he made to his friend who was in need of money. He lent $2,960 at a simple interest rate of 3.50% p.a. to his friend on August 13, 2016. a. Calculate how much interest Mark's friend had to pay on March 11, 2017. Round to the nearest cent b. What is the total repayment amount? Round to the nearest cent

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