Mathematics, 14.12.2020 17:00, hely7856

Mike has a credit rating of 720. Tyler has a credit rating of 560. Mike and Tyler apply for identical loans from Park Bank. Mike is approved for a loan at 3.2% interest, and Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating. What interest rate is Tyler charged?

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Mike has a credit rating of 720. Tyler has a credit rating of 560. Mike and Tyler apply for identica...