SOLUTION: Is it D? I want to check my answer. Andy has a credit rating of 800, and Mia has a credit rating of 585. They both apply for the same loan amount from Newton Bank. The bank a

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Question 1184809: Is it D? I want to check my answer.

Andy has a credit rating of 800, and Mia has a credit rating of 585. They both apply for the same loan amount from Newton Bank. The bank approves Andy’s loan at 6.5%, and Mia is charged 4 percentage points more because of her lower credit rating. What interest rate does Mia have to pay?

A. 2.5%

B. 4.0%

C. 6.9%

D. 10.5%

E. 11.25%
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
6.5% + 4% = 10.5%.

that's what i think.

selection D.