Mathematics Algebra Percentages
The interest rate on an auto loan in May was 12 %. By September the rate was up to 14 %. How many percentage points did the interest rate increase over the period?
How would I begin this?
14%-12% = 2 percentage points.
it is actually 14 1/4% and 12 3/8%
sorry I forgot to insert the fraction
Ye gads! Why didn't you post the correct figures in your first post?
answered by
Ms. Sue
14 years ago
0
0
would i subtract 12 3/8% from 14 1/4%?
sorry Ms. Sue I didn't read the problem correctly
Yes, 14 1/4 - 12 3/8 = ??
the answer I got was 2 5/8
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