(Credit Scores LC)

Review the simple interest rate based on FICO scores to answer the question:

FICO Score Simple Interest Rate
800–850 4.295%
740–799 5.597%
670–739 8.132%
580–669 9.358%
300–579 12.413%

A consumer, with a credit score of 825, is planning to buy a used car and needs to borrow $3,500 with a simple interest rate loan. Determine the interest rate the consumer will qualify for if their credit score decreases by 80 points.
8.132%
5.597%
12.413%
9.358%

Question

(Credit Scores LC)

Review the simple interest rate based on FICO scores to answer the question:

FICO Score	Simple Interest Rate
800–850	4.295%
740–799	5.597%
670–739	8.132%
580–669	9.358%
300–579	12.413%

A consumer, with a credit score of 825, is planning to buy a used car and needs to borrow $3,500 with a simple interest rate loan. Determine the interest rate the consumer will qualify for if their credit score decreases by 80 points.
 8.132%
 5.597%
 12.413%
 9.358%

blackj8882 · Answer

the second one