Given:
amount borrowed $6,100
interest rate 6% - assuming annual interest rate
term - 290 days of a 365 day year.
This is a simple interest computation.
Interest = Principal * interest rate * term
Interest = 6,100 * 6% * 290/365
Interest = 290.79
Total payment at the end of the 290 term would be $6,390.79.
Principal + interest → 6,100 + 290.79 = 6,390.79
About miles.
Subtract the flat rate of 1.75 from the spending limit of 10$ which leaves you with 8.25 then divide the rest of your spending money (8.25$) into your rate per mile (0.65) , so essentially , 8.25 / 0.65 which leaves you with the answer of ;
12 miles.
The answer is no solution
