Question
George had his money invested in two types of mutual funds: $2,600 in low-risk funds and $1,100 in high-risk funds. If the value of his
George had his money invested in two types of mutual funds: $2,600 in low-risk funds and $1,100 in high-risk funds. If the value of his high-risk funds grew by 30.00%, and that of the low-risk funds dropped by 15.00%, by what percent did the total value of his investments change?
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
