! Omar has invested a fraction 3/13 of hissavings in an account that pays an annualinterest rate of 2%, a fraction 5/22 in anaccount that pays an annual interest rate of9%, and the rest in an account that pays anannual interest rate of 15%.What average return (in percentage terms)does Omar get on his total investment?If he earned $920 in interest, how much didhe invest in each account?

Answered: What average return (in percentage…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What average return (in percentage terms) does Omar get on his total investment? If he earned $920 in interest, how much did he invest in each account?