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3.3 Exercise 70

Avg difficulty 2.5

Solve each mixture word problem.

Dominic pays 7% interest on his $15,000 college loan and 12% interest on his $11,000 car loan. What average interest rate does he pay on the total $26,000 he owes? (Round your answer to the nearest tenth of a percent.)

OpenStax Elementary Algebra 2e, 3.3 Solve Mixture Applications, exercise 70

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Adapted from Elementary Algebra 2e © 2020 Rice University. Licensed under CC BY 4.0. Source: Elementary Algebra 2e. Imported at revision 77a933c.