Consider the statement "The interest rate on auto loans has increased 50% over the past decade and now stands at 12%." What can you conclude? A) The interest rate a decade ago was 38% because 50 + 12 = 62, and 100 - 62 = 38. B) You can't conclude anything, because not enough information is given in the statement. C) The interest rate a decade ago was 8% because 50% of 8 is 4, 4 x 50 = 200, and 12 ÷ 150 = 0.08, or 8%. D) The interest rate a decade ago was 38% because 50 - 12 = 38. E) The interest rate a decade ago was 8% because 50% of 8 is 4, and 8 + 4 = 12. F) You can't conclude anything because the statement makes no sense.
Consider the statement "The interest rate on auto loans has increased 50% over the past decade and now stands at 12%." What can you conclude? A) The interest rate a decade ago was 38% because 50 + 12 = 62, and 100 - 62 = 38. B) You can't conclude anything, because not enough information is given in the statement. C) The interest rate a decade ago was 8% because 50% of 8 is 4, 4 x 50 = 200, and 12 ÷ 150 = 0.08, or 8%. D) The interest rate a decade ago was 38% because 50 - 12 = 38. E) The interest rate a decade ago was 8% because 50% of 8 is 4, and 8 + 4 = 12. F) You can't conclude anything because the statement makes no sense.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Consider the statement "The interest rate on auto loans has increased 50% over the past decade and now stands at 12%." What can you conclude?
A) The interest rate a decade ago was 38% because 50 + 12 = 62, and 100 - 62 = 38.
B) You can't conclude anything, because not enough information is given in the statement.
C) The interest rate a decade ago was 8% because 50% of 8 is 4, 4 x 50 = 200, and 12 ÷ 150 = 0.08, or 8%.
D) The interest rate a decade ago was 38% because 50 - 12 = 38.
E) The interest rate a decade ago was 8% because 50% of 8 is 4, and 8 + 4 = 12.
F) You can't conclude anything because the statement makes no sense.
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