A company calls to notify you that the interest rate on your credit card will increase from 11% to 14%. a. Determine percentage points the interest rate increased by. The interest rate increased by percentage points. b. Determine the percent increase of the interest rate. The interest rate increased by Round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer.

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
icon
Related questions
Question
A company calls to notify you that the interest rate on your credit card will increase from 11% to 14%.
a. Determine percentage points the interest rate increased by.
The interest rate increased by
percentage points.
b. Determine the percent increase of the interest rate.
The interest rate increased by
Round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer.
Transcribed Image Text:A company calls to notify you that the interest rate on your credit card will increase from 11% to 14%. a. Determine percentage points the interest rate increased by. The interest rate increased by percentage points. b. Determine the percent increase of the interest rate. The interest rate increased by Round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL