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An investor receives a total combined return of 7% on his two differen
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15 Jan 2021, 05:57
15 Jan 2021, 05:57
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An investor receives a total combined return of 7% on his two different investments. On his $10,000 investment he receives a return of 6%. What is the return on his $20,000 investment?
A. 7.25%
B. 7.5%
C. 8%
D. 8.5%
E. 9%
Kudos for the right answer and explanation
A. 7.25%
B. 7.5%
C. 8%
D. 8.5%
E. 9%
Kudos for the right answer and explanation
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: An investor receives a total combined return of 7% on his two differen
[#permalink]
15 Jan 2021, 06:41
15 Jan 2021, 06:41
2
Carcass wrote:
An investor receives a total combined return of 7% on his two different investments. On his $10,000 investment he receives a return of 6%. What is the return on his $20,000 investment?
A. 7.25%
B. 7.5%
C. 8%
D. 8.5%
E. 9%
Kudos for the right answer and explanation
A. 7.25%
B. 7.5%
C. 8%
D. 8.5%
E. 9%
Kudos for the right answer and explanation
The investor invested a total of $30,000, and his combined return is 7%.
7% of $30,000 = $2100
So, the investor made a total profit of $2100
The $10,000 investment received a return of 6%
6% of $10,000 = $600
$2100 - $600 = $1500
This means the $20,000 investment must have made a profit of $1500
$1500/$20,000 = 15/200 = 7.5/100 = 7.5%
So the investor received a 7.5% return on his $20,000 investment
Answer: B
Re: An investor receives a total combined return of 7% on his two differen
[#permalink]
20 Sep 2022, 17:07
20 Sep 2022, 17:07
Hello from the GRE Prep Club BumpBot!
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
