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    Exam 3: Ratio, Proportion, and Percent
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    The Bank of Nova Scotia Reduced Its Annual Lending Rate
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The Bank of Nova Scotia Reduced Its Annual Lending Rate

Question 178

Question 178

Essay

The Bank of Nova Scotia reduced its annual lending rate from 11% to 8.75%. What is the percent reduction in the lending rate?

Correct Answer:

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Reduction = 11% - 8....

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