Mathematics, 02.04.2020 02:24, ayaan9573

Enrique borrowed $23,000 to buy a new 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 $23,000?

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Enrique borrowed $23,000 to buy a new car . He pays his uncle 2% interest on the $4,500 he borrowed...