Engineering, 26.07.2019 19:20 rouchedavisin4

Acompany is planning to finance a new project with combined funds from venture capital and corporate funds. if 60% of the funds will come from venture capital charging 12 % interest rate and 40 % from corporate funds currently earning 5 % interest rate, what is the average interest rate (in percentage) applied to this project? enter the answer without the percentage symbol.

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