A company calls to notify you that the interest rate on your credit card will increase from 19% to 23%. a. Determine percentage points the interest rate increased by. The interest rate increased by percentage points. b. Determine the percent increase of the interest rate. The interest rate increased by Round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer.

A company calls to notify you that the interest rate on your credit card will increase from 19% to 23%. a. Determine percentage points the interest rate increased by. The interest rate increased by percentage points. b. Determine the percent increase of the interest rate. The interest rate increased by Round to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Interest, Rent, And Profit

Section: Chapter Questions

Problem 13QP

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