Question

The neighborhood bank offers a lower rate on commercial account than on personal accounts,if the commercial rate is 1.25% lower than the personal rate, what is the rate for commercial accounts?​

A -8.0%
B -8.5%
C -9.5%
D -9.75%

Answer 1

B/G 8.5%

Explanation:

The chart shows the rate for personal loans at Neighborhood Bank to be 9.75%. The rate that is 1.25% lower is ...

9.75% -1.25% = 8.5%

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Comment on problem/answer presentation

A minus sign has a very specific meaning in math. Please do not use a minus sign or horizontal dash for a "bullet" in a list of math answers. It changes the meaning of the answer. Here, the answer is 8.5%, not -8.5%.