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Mathematics, 24.09.2021 14:00 BaileyElizabethRay

Enrique borrowed $23,500 to buy a car. He pays his uncle 2% interest on the $4,500 he borrowed from him, and he pays the bank 11.5% interest on the rest. What average interest rate does he pay on the total $23,500?

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Enrique borrowed $23,500 to buy a car. He pays his uncle 2% interest on the $4,500 he borrowed from...
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