What is the overall rate of return on a $155,000 investment that returns 23% on the first $15,000 and 16% on the remaining money

The  overall rate of return is 16.67%

Explanation:

The computation of the overall rate of return is shown below:

= Actual amount return ÷ investment amount

= ($15,000 × 23% + $140,000 × 16%) ÷ ($155,000)

= ($3,450 + $22,400)  ÷ ($155,000)

= ($25,850) ÷ ($155,000)

= 16.67%

Hence, the  overall rate of return is 16.67%

We simply applied the above formula and the same is to be considered

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.

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