11
practice examMultiple Choice

Practice Exam

Question 11 • Advanced Financial Algebra

Haniya has a credit rating of 750 , and Brinley has a credit rating of 610 They each apply for a mortgage from the same lender. Haniya is given an interest rate of 3.75% , while Brinley is given a rate that is 1.5 percentage points higher. What interest rate will Brinley pay?

Answer
A
5 point 2 5 percent
B
3 point 7 5 percent
C
5 point 0 percent
D
2 point 2 5 percent
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