Question: Peter borrowed $ 4 , 0 0 0 on January 2 nd . The simple interest rate charged on his loan was initially 6 .

Peter borrowed $4,000 on January 2nd. The simple interest rate charged on his loan was initially 6.75% and increased to 7.00% on January 15th. His bank charges interest at the end of each month. Calculate the missing values from the table below.
Time Period
# Days
Interest Rate
Interest Amount
Jan 2- Jan 15
136.75% A
Jan 15- Jan 31
167.00% B
Total Interest Due:
C
Place the value for A in the first box, B in the second and C in the third. Round your answers to 2 decimal places.
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