The following graph shows the average annual prime rate of interest (to the nearest whole percent) charged by banks for each of the years from 2000 to 2009. Average Annual Prime Rate of Interest 10 9 8 "00 '01 '02 '03 '04 "05 L0. 90. 80. 60. Year a. In which year was the prime rate the lowest, and what was the rate? The prime rate was lowest in with the rate of %. b. In 2002, did the prime rate increase or decrease, and how much was the increase or decrease? In 2002, the prime rate| (select) + by %. Prime Rate (%)

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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The following graph shows the average annual prime rate of interest (to the nearest whole percent)
charged by banks for each of the years from 2000 to 2009.
Average Annual Prime Rate of Interest
10
9.
8
4
3.
2
1
"00 '01
'02 '03 '04 "05 "06 '07
"08 '09
Year
a. In which year was the prime rate the lowest, and what was the rate?
The prime rate was lowest in
with the rate of
%.
b. In 2002, did the prime rate increase or decrease, and how much was the increase or
decrease?
In 2002, the prime rate (select)
by
%.
Prime Rate (%)
Transcribed Image Text:The following graph shows the average annual prime rate of interest (to the nearest whole percent) charged by banks for each of the years from 2000 to 2009. Average Annual Prime Rate of Interest 10 9. 8 4 3. 2 1 "00 '01 '02 '03 '04 "05 "06 '07 "08 '09 Year a. In which year was the prime rate the lowest, and what was the rate? The prime rate was lowest in with the rate of %. b. In 2002, did the prime rate increase or decrease, and how much was the increase or decrease? In 2002, the prime rate (select) by %. Prime Rate (%)
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