SOLUTION: Could you help me solve the following problem? The interest rate on an auto loan in May was 12 3/8%. By September the rate was up to 14 1/4%. How many percentage points

SOLUTION: Could you help me solve the following problem? The interest rate on an auto loan in May was 12 3/8%. By September the rate was up to 14 1/4%. How many percentage points

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Question 38600: Could you help me solve the following problem?
The interest rate on an auto loan in May was 12 3/8%. By September the rate was up to 14 1/4%. How many percentage points did the interst rate increase over the period?
Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!

1 7/8%
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