The table below shows the amount of savings and borrowing in a market for car loans, measured in millions of dollars, at various interest rates. An increase in the demand for car loans results in a $15 million increase in quantity demanded at each interest rate. What is the new equilibrium interest rate and equilibrium quantity in the market for car loans? Hint: Begin by increasing each level of quantity demanded by $15 million. Supply and Demand for Car Loans Interest Rate (i) Quantity Supplied (Qs) (in millions of $) Quantity Demanded (Qd) (in millions of $) 1% 195 240 1.5% 200 230 2% 205 220 2.5% 210 210 3% 215 200 3.5% 220 190 Provide your answer below