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You made an investment of $10,000 into an account that paid you an annual interest rate of 3.3 percent for the first 7 years and

You made an investment of $10,000 into an account that paid you an annual interest rate of 3.3 percent for the first 7 years and 7.7 percent for the next 8 years. What was your annual rate of return over the entire 15 years?

  • 5.50 percent

  • 4.50 percent

  • 6.25 percent

  • 5.06 percent

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