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Consider the statement: The interest rate on auto loans has increased 50% over the past decade and now stands at 9%. What can you conclude?

Consider the statement: "The interest rate on auto loans has increased 50% over the past decade and now stands at 9%." What can you conclude?

Question 6 options:

A)The interest rate a decade ago was 41%.

B)The interest rate a decade ago was 6%.

C)You can't conclude anything, because the statement makes no sense.

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