Answer: There are 24 more payments made.
Step-by-step explanation:
In a 5 year loan there is 60 months
In a 3 year loan there is 36 months.
Answer:
25
Step-by-step explanation:
Convert any mixed numbers to fractions.
Then your initial equation becomes:
15
4
×
4
1
Applying the fractions formula for multiplication,
=
15
×
4
4
×
1
=
60
4
Simplifying 60/4, the answer is
15
i’m pretty positive you would just subtract!
