In order to start a small business, a student takes out a simple interest loan for $3000.00 for 6 months at a rate of 11.25%. a. How much interest must the student pay? b. Find the future value of the loan. a. The amount of interest is $ (Round to the nearest cent as needed.) b. The future value is $ (Round to the nearest cent as needed.)

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A: From the above details we have,

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