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The interest rate on a car loan has decreased 33.8% over the last 10 years and...

Question

The interest rate on a car loan has decreased 33.8% over the last 10 years and...

The interest rate on a car loan has decreased 33.8% over the last 10 years and is now 9.3%. What was the rate 10 years ago? (Express your answer rounded correctly to the nearest tenth of a percent!) %

Answers

Answers Civen The interest rate 10 years ago is a. as By given information is. 9.3% Ja (100% – 33.8%) 100 6612) a / = 9.3%

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