Miley invested $21,000 at 8.20%, $24,000 at 4.60%, and $11,000 at 6.10%. What was the average weighted rate of return earned on her investments? % Round to two decimal places if applicable

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
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Question 8 of 18
Miley invested $21,000 at 8.20%, $24,000 at 4.60%, and $11,000 at 6.10%. What was the
average weighted rate of return earned on her investments?
%
Round to two decimal places if applicable
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Transcribed Image Text:Question 8 of 18 Miley invested $21,000 at 8.20%, $24,000 at 4.60%, and $11,000 at 6.10%. What was the average weighted rate of return earned on her investments? % Round to two decimal places if applicable SAVE PROGRESS 16°C Cloudy hp t6 t7 f8 fg f10 t12 insert & * 5 6 L. 8 9 3 %3D 1/4 1/2 3/4 { Y
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