Tyler moved 180 kilograms
30-12=18 so 18×2=36 36×5=180
Where are the variables for the equation?
Answer:
96
Step-by-step explanation:
The loan duration is for 8 years, a total of 12·8 = 96 monthly payments. The 96th payment is the balloon payment.
The formula for simple annual interest is:
I = Prt
where,
I = Interest accumulated = $910.90
P = Principal Amount = $62000
r = Interest rate = 9.4% = 0.094
t = time in years
Using the values in above equation, we get:
910.90 = 62000 x 0.094 x t
⇒ t = 910.90/(62000 x 0.094) = 0.156
This is the time in years. Since there are 365 days in a year, the time in days will be:
t = 0.156 x 365 = 57 (rounded to nearest day)
This means, Nate kept the borrowed money for 57 days
