Answer:
3.45
Step-by-step explanation:
It can be or it depends on how the equation is set up
We know that the interest decreased by 29.3%, therefore
what was left now is simply just 70.7% of the original, therefore we divide
this by 0.707
rate = 7.7% / 0.707
rate = 10.89%
<span>So the rate was 10.89% 10 years ago</span>