Question

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?
Siku
O A
2.5%
B.
4.0%
O
C.
6.9%
OD. 10.5%
O
O E.
11.25%​

Answer 1

Answer:

D

Explanation:

4% more from 6.5 would be 10.5%

Answer 2

Answer:

D) 10.5

Explanation:

4 points more means

6.5 + 4

= 10.5%