SOLUTION: The interest rate on a mortgage was 7 3/4 % last year. This year the interest rate is 9 1/4 %. How many percentage points has the interest rate increased?

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: The interest rate on a mortgage was 7 3/4 % last year. This year the interest rate is 9 1/4 %. How many percentage points has the interest rate increased?      Log On


   

Question 374720: The interest rate on a mortgage was 7 3/4 % last year. This year the interest rate is 9 1/4 %. How many percentage points has the interest rate increased?
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