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Answer:
18 month loan with a 13% annual simple interest rate
Step-by-step explanation:
if an hour is able to be split up for payment then it will be 1/10 of an hour
Given:
John had to pay a combined electric and gas bill $150.
The electric portion of the bill was $90.
To find:
The ratio of money spent on electric to that on gas.
Solution:
Let x be the amount of gas bill.
The electric portion of the bill was $90 and John had to pay a combined electric and gas bill $150. So,



The gas portion of the bill was $60.
The ratio of money spent on electric to that on gas is:




Therefore, the ratio of money spent on electric to that on gas is 3:2.