Question: Interpretation Consider graphs (a) and (b) below showing the interest rates of a mortgage loan for new homes from 2015 to 2019. (a) What are

Interpretation Consider graphs

(a) and

(b) below showing the interest rates of a mortgage loan for new homes from 2015 to 2019. (a) 3.726 3.724 3.722- Percentage (b) 4 3.5 3 Percentage 3.72- 2.5

(a) What are the differences in graph

(a) and graph (b)?

(b) Suppose someone claimed that interest rates have increased dramatically. Explain whether or not this is a true statement.AppendixLO1

(a) 3.726 3.724 3.722- Percentage (b) 4 3.5 3 Percentage 3.72- 2.5 3.718 3.716 2 3.714- 1.5 3.712- 1 3.71- 0.5 3.708 3.706+ 0 Year Year Year Year 2015 2016 2017 2018 2019 Year Year Year Year Year Year 2015 2016 2017 2018 2019

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