What was the term of a 4850 last at 4.5% if the interest due at the end was 145.50 (Do not round intermediate calculations. Round your answer to the nearest whole number) Term ofloan square months

## Step 1: Convert the interest rate to a decimal### The interest rate is given as 4.5%, which is equivalent to 0.045 in decimal form. This is done by dividing the percentage by 100.## Step 2: Calculate the annual interest### We use the simple interest formula, , where is the interest, is the principal, is the rate, and is the time in years. We are given 145.50 P = \ , and . We want to find . So, .## Step 3: Solve for the time in years### Divide both sides of the equation by to isolate . This gives years.## Step 4: Convert the time to months### Multiply the time in years by 12 to get the time in months. months.