asked 190k views
1 vote
liam borrowed a total of 35000 to pay for college. He pays his parents 3% interest on the $8000 he borrowed from them and pays the bank 6.8% on the rest. What average interest rate does he pay on the total $35000? Round the answer to the nearest tenth of a percent

asked
User Ortho
by
8.6k points

1 Answer

3 votes

Answer:5.9

Explanation:

answered
User James Siva
by
8.1k points
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