An investor receives a total combined return of 7% on his two different investments. On his $30,000 investment he receives a return of 6%. What is the return on his $20,000 investment?
Choose the correct answer:
A) 7.25% B) 7.5% C) 8% D) 8.5% E) 9%
0.06 * 30000 + 20000x = 0.07(50000)   solving for x give x = 8.5%   option 8.5%
<result>D</result>
An investor receives a total combined return of 7% on his two different investments. On his $30,000 investment he receives a return of 6%. What is the return on his $20,000 investment?