Mathematics, 26.08.2021 19:50 jendun123ovrxij

Bob pays 7% interest on his $40,000 college loan and 9% interest on his $19,000 car loan. What average interest rate does he pay on the total $59,000 he owes? Round your answer to the nearest tenth of a percent.

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Bob pays 7% interest on his $40,000 college loan and 9% interest on his $19,000 car loan. What avera...

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