Question

Interest rates have dropped steadily over the last six months. Each month they have decreased by 1/4 point.

A. Write an expression to represent the total change of rates over the last six months.
B. Find the total change. Make sure to express your answer as a mixed number in lowest terms.

Answer 1

FOR A:
`y=-1.5x`

FOR B:
`(-x)/(2)`

Explanation:

A: Each month Interest rate decreases by
`(1)/(4)` point.

B: Simplification

I honestly really hope this helps you!