Answer:
The new rate would be 3.75%
Step-by-step explanation:
Purchasing a point simply implies negotiating for a lower rate of interest, which involves paying 1% of the loan in lieu of 1% interest reduction.
A point implies a reduction in interest rate by 0.25% while 3 points would reduce the interest rate by 0.75%(0.25%*3)
New interest rate=4.5%-0.75%=3.75%
Answer:
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139/8 = 17.375 (this is rounded)
135/7 = 19.286 (this is rounded)
so he rode farther on Sunday
135/7 - 139/8 = 107/56 or 1 51/56 miles farther
Answer:
1.56 hours
Step-by-step explanation:
300 gal × 1 min 3.2 gal × 1 hr 60 min = 1.56 hr.
