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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

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

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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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 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
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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