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28 December, 07:38

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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  1. 28 December, 08:56
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    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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