Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
Allan borrowed
Step 1 :Calculate the simple interest for 4 months at a rate of 2% per year on a principal amount of $6300
Step 2 :Principal
Step 3 :Rate
Step 4 :Time
Step 5 :Interest
Step 6 :Interest
Step 7 :Interest
Step 8 :Total repayment
Step 9 :Total repayment
Step 10 :Total repayment
Step 11 :