You get credit card offers of 3%, 1.75%, 4%, 3.75%, 2.85%, 3.58%, and 4.35%. What is the average of these offers?

The average of these offers is 3.326%

Explanation:

The average of these numbers is calculated by adding all the available terms and then dividing the total by the number of terms.

We'll arrange the values into ascending order so the terms are 1.75%, 2.85%, 3%, 3.58%, 3.75%, 4% and 4.35%. There is a total of 7 terms.

Average of the terms = Sum of the terms / Number of terms.

Sum of the terms = 1.75% + 2.85% + 3% + 3.58% + 3.75% + 4% + 4.35% = 23.28% while the number of terms is 7.

Average = 23.28% / 7 = 3.325714

Rounding of this value to the third decimal we get 3.326.