math

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 %

  1. 👍 0
  2. 👎 0
  3. 👁 69
asked by Glenda

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    1. kristi jogged for 3/5 of an hr,swam 1/2 of an hr, rode her bike 3/4 of an hr how long did she exercise?=1 7/20 2.the intersest rate on an equity line of credit was 7 7/8% last month this month the interset rate is 10 3/2% how

    asked by p on September 19, 2009
  2. math review question

    The interest rate on an equity line of credit was 6 3/4 % last year. This year the interest rate is 9 1/2 %. How many percentage points has the interest rate increased?

    asked by Ree on May 4, 2008
  3. Computer science

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging

    asked by Owoeye seyifunmi on December 22, 2013
  4. computer programming

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging

    asked by abiola olumide on December 18, 2013
  5. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each

    asked by Dan on February 18, 2014
  6. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each

    asked by Crystal on February 8, 2016
  7. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each

    asked by Anonymous on October 24, 2014
  8. help

    The interest rate on a second mortgage was5 7/8 % last month. This month the interest rate is 7 3/2 %. How many percentage points has the interest rate increased? Are you sure you mean 7 3/2% ? No lender would write an intereest

    asked by carmen on March 26, 2007
  9. computer programming

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging

    asked by abiola olumide on December 18, 2013
  10. Intermediate Algebra

    Suppose you have a credit card debt of $6000. Last month, the bank charged you $85 interest on the deb. The solution to the equation is 85=6000/12 r represents the annual interest rate on the credit card. Find the annual interest

    asked by Anonymous1234 on November 14, 2014

More Similar Questions