Asked by Haroon Naseer on May 07, 2024
Verified
Mrs. Simone invested $10,000 at 5%, $15,000 at 4%, and $20,000 at 3%. Calculate Mrs. Simone's overall rate of return.
Rate of Return
A rise or fall in an investment's worth over a certain period, denoted as a fraction of the investment's beginning cost.
Overall Rate
The aggregate or average rate across different instances or cases, considering all relevant factors or components.
- Understand the computation of overall rate of return on a diversified investment portfolio.
Verified Answer
ZK
Learning Objectives
- Understand the computation of overall rate of return on a diversified investment portfolio.