What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000? Enter the letter that best corresponds to the correct answer. 0.15 8% 18.20 % €15.5 8% a 17% (average)
What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000? Enter the letter that best corresponds to the correct answer. 0.15 8% 18.20 % €15.5 8% a 17% (average)
Chapter1: Making Economics Decisions
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![What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000?
Enter the letter that best corresponds to the correct answer.
0.15 8%
18.20 %
15.5 8%
a 17% (average)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe38434a9-dfaa-4c26-aa3c-d22e4215e724%2F6bfb34f9-0c93-4cae-896c-4cf17d7c2145%2Fzzda8m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000?
Enter the letter that best corresponds to the correct answer.
0.15 8%
18.20 %
15.5 8%
a 17% (average)
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