Business, 11.07.2019 11:00, hbantzstudent

Liam borrowed a total of $35,000 to pay for college. he pays his parents 3% interest on the $8,000 he borrowed from them and pays the bank 6.8% on the rest. what average interest rate does he pay on the total $35,000? (round your answer to the nearest tenth of a percent.)

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Liam borrowed a total of $35,000 to pay for college. he pays his parents 3% interest on the $8,000 h...