Interest rates have dropped steadily over the last six months. Each mo

1.	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» Answer: A. Total change of rates over the last six months = 6 times monthly change B. Total change of rates over the last six months = 1 $\frac{1}{2}$ points Step-by-step explanation: Interest rates have DROPPED steadily over the last six months. Each month they have DECREASED by $\frac{1}{4}$ points. A. Total change of rates over the last six months = 6 times monthly change B. Total change of rates over the last six months = 6X $\frac{1}{4}$ points = 3X $\frac{1}{2}$ points = 1 $\frac{1}{2}$ points

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»

Answer:

A. Total change of rates over the last six months = 6 times monthly change

B. Total change of rates over the last six months = 1 $\frac{1}{2}$ points

Step-by-step explanation:

Interest rates have DROPPED steadily over the last six months.

Each month they have DECREASED by $\frac{1}{4}$ points.

A. Total change of rates over the last six months

= 6 times monthly change

B. Total change of rates over the last six months

= 6X $\frac{1}{4}$ points = 3X $\frac{1}{2}$ points = 1 $\frac{1}{2}$ points