You have a choice between a​ 30-year fixed rate loan at 4.5​% and an adjustable rate mortgage​ (ARM) with a first year rate of 3​%. Neglecting compounding and changes in principal, estimate your monthly savings with the ARM during the first year on a $150,000 loan.

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answer: 5 17/33 % (to the tenth)

step-by-step explanation:

he guessed: 34.5 pounds

actual weight is 32.7

there for he is off:

34.5 -32.7 = 1.8

32.7 is the 100%

1.8 represents %? of 32.7

therefore:

32.7   - 100%

1.8     -     x%

x= 1.8*100%/32.7% = 18*100%/327%

x=1800%/327%   = (5 165/327)%

to the tenth:

5 17/33 %