Mathematics, 05.02.2021 06:20, echavarrianoah

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 6.1% 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...