Asked by john
Interest rates have dropped steadily over the last six months. Each month they have decreased by 1/4 point.
A. Write an expression to represent the total change of rates over the last six months.
B. Find the total change. Make sure to express your answer as a mixed number in lowest terms.
A. Write an expression to represent the total change of rates over the last six months.
B. Find the total change. Make sure to express your answer as a mixed number in lowest terms.
Answers
Answered by
PsyDAG
Interest rate = initial rate - months/4
Since you do not include the initial rate, you will have to do the rest yourself.
Since you do not include the initial rate, you will have to do the rest yourself.
Answered by
Anonymous
Interest rates have dropped steadily over the last six months. Each month they have decreased by 1/4 point A. Write an expression to represent the total change of rates over the last six months. B. Find the total change. Make sure to express your answer as a mixed number in lowest terms.
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