Sherlock invested a $100,000 reward for making sure an embezzler was caught and sent to prison into various types of investments.He invested 20% in corporate bonds,25% in income stocks,15% in growth stocks,10% in penny stocks,and the remainder in a 10-year certificate of deposit.During the next year,the corporate bonds earned 7%,the income stocks earned 13%,the growth stocks earned 21%,the penny stocks lost 67%,and the CD earned 2%.At the end of the year,what percent change did Sherlock see in his portfolio?

Question

Quizplus · Accepted Answer

The Answer of Sherlock invested a $100,000 reward for making sure an embezzler was caught and sent to prison into various types of investments.He invested 20% in corporate bonds,25% in income stocks,15% in growth stocks,10% in penny stocks,and the remainder in a 10-year certificate of deposit.During the next year,the corporate bonds earned 7%,the income stocks earned 13%,the growth stocks earned 21%,the penny stocks lost 67%,and the CD earned 2%.At the end of the year,what percent change did Sherlock see in his portfolio?

Sherlock Invested a $100,000 Reward for Making Sure an Embezzler