Mathematics, 29.08.2021 01:00 abbieT6943

Dominic pays 7% interest on his $16,000 college loan and 12% interest on his $15,000 car loan. What average interest rate does he pay on the total $31,000 he owes? (Round your answer to the nearest tenth of a percent.)

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Dominic pays 7% interest on his $16,000 college loan and 12% interest on his $15,000 car loan. What...

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Dominic pays 7% interest on his $16,000 college loan and 12% interest on his $15,000 car loan. What average interest rate does he pay on the total $31,000 he owes? (Round your answer to the nearest tenth of a percent.)​

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Another question on Mathematics

Dominic pays 7% interest on his $16,000 college loan and 12% interest on his $15,000 car loan. What average interest rate does he pay on the total $31,000 he owes? (Round your answer to the nearest tenth of a percent.)