ljholdreadozq5vn ljholdreadozq5vn
  • 20-11-2017
  • Mathematics
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The interest rate on a car loan has decreased 29.3% over the last 10 years and is now 7.7%. What was the rate 10 years ago?
(Express your answer rounded correctly to the nearest tenth of a percent!)

Respuesta :

Rod44 Rod44
  • 20-11-2017
A decrease of 29.3% means 100-29.3=70.7% reduction factor. Therefore we need 0.707 of 7.7%=5.4% approx.
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