Bill obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 15%. his loan is for $13,800 for 53 days. assume each day is 1/365 of a year. answer each part below.

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

Find the interest that will be owed after 53 days. $___