Mathematics, 24.02.2022 16:10 bfredfred3668

Dominic pays 5% interest on his $16,000.00 college loan and 11% interest on his $11,000.00 car loan. What average interest rate does he pay on the total $27,000.00 he owes? (Round your answer to the nearest hundredth of a percent.)
Average interest rate:
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Dominic pays 5% interest on his $16,000.00 college loan and 11% interest on his $11,000.00 car loan....

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Dominic pays 5% interest on his $16,000.00 college loan and 11% interest on his $11,000.00 car loan. What average interest rate does he pay on the total $27,000.00 he owes? (Round your answer to the nearest hundredth of a percent.) Average interest rate: 96 help (numbers)

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Another question on Mathematics

Dominic pays 5% interest on his $16,000.00 college loan and 11% interest on his $11,000.00 car loan. What average interest rate does he pay on the total $27,000.00 he owes? (Round your answer to the nearest hundredth of a percent.)
Average interest rate:
96 help (numbers)