A \(\$500\) investment and a \(\$1,500\) investment have a combined yearly return of \(8.5\) percent of the total of the

This topic has expert replies
Legendary Member
Posts: 2068
Joined: 14 Oct 2017
Followed by:3 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

A \(\$500\) investment and a \(\$1,500\) investment have a combined yearly return of \(8.5\) percent of the total of the two investments. If the \(\$500\) investment has a yearly return of \(7\) percent, what percent yearly return does the \($1,500\) investment have?

(A) \(9\%\)
(B) \(10\%\)
(C) \(10 \frac58\%\)
(D) \(11\%\)
(E) \(12\%\)

Answer: A

Source: Official Guide