Business
Business, 01.03.2020 00:53, BobJRJR

Andy has a credit rating of 800, and Mia has a credit rating of 585. They both apply for the same loan amount from Newton Bank. The bank
approves Andy's loan at 6.5%, and Mia is charged 4 percentage points more because of her lower credit rating. What interest rate does Mia have
to pay?
Siku
O A
2.5%
B.
4.0%
O
C.
6.9%
OD. 10.5%
O
O E.
11.25%

answer
Answers: 1

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Andy has a credit rating of 800, and Mia has a credit rating of 585. They both apply for the same lo...

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