A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Question

Direct debit is a free service and you qualify for a 0.25% interest rate reduction when actively making payment on direct debit 

if you have a student loan on which you pay interest at a rate of 6.8% what will your interest rate be if you sign up for direct debit ? 

Why 0.25 percentage point interest rate reduction instead of 0.25% interest reduction 

What will the interest rate be on your 6.8% loan if you signup for direct debit?  

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