Answer:
-41 27/100
Step-by-step explanation:
Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:

where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4

The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Take the unknown number as 'y'.
=》33% = 33/100
=》1.45 = 145/100
33/100 × y = 1.45
33/100 × y = 145/100
33y = 145/100 × 100/1
33y = 145
y = 145/33
y = 4.39
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RainbowSalt2222 ☔
If you say 3.5 times 30 ur answer would be 105