Question

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.

Answer 1

Step by step explanation:

Answer 2

Answer with explanation:

Let the Initial Interest rate = x

It is given that each month Interest rate decreases by point.

A.→ Expression which represent the total change of rates over the last six months

Let total change of rate over the last six month= y

B.→

Total Change

Explanation: