An investor invests 30%, 40%, 20% and 10% of his total investable amount in four different shares of stock giving returns of 15%, 20%, 12% and 10% respectively. What is the average rate of his returns?
An investor invests 30%, 40%, 20% and 10% of his total investable amount in four different shares of stock giving returns of 15%, 20%, 12% and 10% respectively. What is the average rate of his returns? Correct Answer 14.25%
