nterest on his $36,000 college loan and 12% interest on his $13,000 car loan. What average interest rate does he

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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Coleton pays 8% interest on his $36,000 college loan and 12% interest on his $13,000 car loan. What average interest rate does he pay on the total $49,000 he owes?

 

 

 
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