Posted by **Glenda** on Friday, July 27, 2007 at 1:40am.

The interest rate on an equity line of credit was 7 and 5/8 % last month. This month the interest rate is 9 and 3/8 %. How many percentage points has the interest rate increased? Can someone help me please?

9.375% - 7.625% = 1.750 % = 1 3/4 %

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