You invested $$14,000$ in a portfolio with an expected return of $2\mathrm{.}3$ per cent and $$25,000$ in a portfolio with an expected return of $11\mathrm{.}0$ per cent. The expected return of the combined portfolio is $($as a percentage to two decimal places eg $2\mathrm{.}881\%$ is $2\mathrm{.}88))$

Question $16$Answer

a$.$

$4\mathrm{.}04\%$

b$.$

$8\mathrm{.}53\%$

c$.$

$2\mathrm{.}80\%$

d$.$

$7\mathrm{.}88\%$