Q: Need help figuring out how to fix my car

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I have an 04 nissan altima 2.5l. I just recently bought it.
After about 3 weeks I stared hearing a ticking noise coming from under the hood while I'm driving, it only does it when I stay at a steady speed. If I press the gas or let off it stops. On top of that. 2 days ago I started smelling what to me smells like burnt rubber after driving for a period of time then parking. Now my service engine soon light is on. Any idea on what's going on?

My car has 207961 miles.
My car has an automatic transmission.

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