Carlos Invested $10,000 at 7%, $20,000 at 6

question 358

Multiple Choice

Carlos invested $10,000 at 7%, $20,000 at 6.5%, and $50,000 at 5%. What is the average rate of interest earned by his investments?

• A) 6.2%
• B) 5.5%
• C) 5.8%
• D) 5.6%
• E) 6.3%

---

Definitions:

Visual Aids

Materials used to enhance the comprehension or appeal of information being presented, such as charts, graphs, or images.

Documentation

Written or electronic records that provide evidence of activities performed, processes followed, or information obtained, often used for reference, legal compliance, or training purposes.

Legend

A key or explanatory list of symbols and abbreviations used on a map or chart, or a narrative explaining the origins of traditional stories, myths, or history.

Visual Aid

An item, such as a chart, graph, or image, used to supplement verbal information or data, enhancing understanding.