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03-10-2018
Mathematics

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interest rate on car loan increased 50% over the last 10 years and is now 9%. what was the rate 10 years ago

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03-10-2018

1.5X = 9%; this reads 150% of X (1.5X) equals 9%: 150% of X is the same as X increasing by 50%.

X = 9/1.5;divide by 1.5

X = 6

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