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?

Question

Revolt · Accepted Answer

5 point 2 5 percent

Practice Exam

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?

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