What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000? Enter the letter that best corresponds to the correct answer. 0.15 8% 18.20 % 15.5 8% a 17% (average)

ENGR.ECONOMIC ANALYSIS
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What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000?
Enter the letter that best corresponds to the correct answer.
0.15 8%
18.20 %
15.5 8%
d 17% (average)
Transcribed Image Text:What is the overall rate of return on a $100,000 investment that returns 20% on the first $30,000 and 14% on the remaining $70,000? Enter the letter that best corresponds to the correct answer. 0.15 8% 18.20 % 15.5 8% d 17% (average)
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