Question

I need to know the Highest, Second Highest, Middle, Second lowest, and lowest interest rate in that order.

Answer 1

Norman, this is the solution to the exercise:

According to the information provided, we have:

• Highest interest rate = 8.81%

,

• Second highest interest rate = 8 4/5 % = 8.8%

,

• Middle interest rate = 8 1/2 % = 8.5%

,

• Second lowest interest rate = 8.313%

,

• Lowest interest rate = 8.3%