Asked by Anonymous
Dominic pays 5% interest on his
$19000 college loan and 12% interest on his $24000 car loan. What average interest rate does he pay on the total
$43000 he owes? Round your answer to the nearest tenth of a percent.
$19000 college loan and 12% interest on his $24000 car loan. What average interest rate does he pay on the total
$43000 he owes? Round your answer to the nearest tenth of a percent.
Answers
Answered by
Henry
(5+12)/2 = 8.5%.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.