4% difference on the interest rate of the mortgage.
IE: One mortgage could be 7% and the other could be 3% so there is a 4% difference in the interest rate of the two mortgages.
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The percent difference from 4.00 to 7.00 is: (7-4)/4*100% = 75%.
When Percent Equal 100%
Please clarify. A 4.2 percent mortgage interest rate? A 4.2 percent credit card rate?
By defining what is 100%. So if 1 is 100% then you have 40 and 60% difference being 20%. Now if its 100 then you have .4 and .6 being a difference of 0.2%.
To find the percent difference between two numbers, you first calculate the absolute difference between the two numbers. In this case, the absolute difference between 1419 and 1286 is 133. Next, you divide this absolute difference by the average of the two numbers (1352.5) and multiply by 100 to get the percent difference. Therefore, the percent difference between 1419 and 1286 is approximately 9.82%.