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Our mortgage rate dropped from 5% APR to 3.25% APR. What is the percent of decrease in our mortgage?
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21 votes
21 votes
Our mortgage rate dropped from 5% APR to 3.25% APR. What is the percent of decrease in our mortgage?

User Anxieux
by
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2 Answers

17 votes
17 votes
it would be 0.0175%

you subtract them 5% - 3.25% = 0.0175%
User ArinCool
by
3.1k points
6 votes
6 votes

Answer:

1 3/4.

Explanation:

all you need to do is subtract

User Jeltok
by
2.6k points
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