Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Jack borrows 2700 at a rate of 8.2% per year. How much simple interest will he owe if it takes him 3 months to repay the loan? Round to the nearest cent. Please explain your answer.