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A small business has a $10,000 loan outstanding on which it pays a 6% interest rate. It also has a $5000 loan outstanding on which

A small business has a $10,000 loan outstanding on which it pays a 6% interest rate. It also has a $5000 loan outstanding on which it pays an 8% interest rate.

What is the firms average interest rate (in percentage)?

(a) 7142.86

(b) 14

(d) 7

(e) None

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