Answers Financial AlgebraMathematics Credits and Types of Loans — TestQuestion 3

3

QuizMultiple Choice

Credits and Types of Loans — Test

Question 3 • Financial Algebra/Mathematics

What is the weighted average interest rate for Elena's business expansion loan, given the different loan amounts and interest rates?

Answer

A

3 point 5 percent

B

5 point 0 percent

C

4 point 0 percent

D

4 point 2 percent

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