Jane and Joe made two investments of $25,000 and $40,000 with different investors that yielded a combined rate of return of 10% compounded for 6 years. If the rate return on the first investment was 9%, what is the rate of return the couple obtained on the second investment?
A) 13.86%
B) 11.18%
C) 10.61%
D) 10.00%

Question

Quizplus · Accepted Answer

The Answer of Jane and Joe made two investments of $25,000 and $40,000 with different investors that yielded a combined rate of return of 10% compounded for 6 years. If the rate return on the first investment was 9%, what is the rate of return the couple obtained on the second investment?
A) 13.86%
B) 11.18%
C) 10.61%
D) 10.00%

Jane and Joe Made Two Investments of $25,000 and $40,000