Raymond B. answered 04/11/22
Math, microeconomics or criminal justice
.04L + .08H = 3078
.04(2H) +.08H = 3078
.08H +.08H = 3078
.16H = 3078
H = 3078/.16 = $19,237.50 invested at 8%
L= 2H = $38.475.00 invested at 4%
.04(38475) + .08(19237.5) = 1539 + 1539=3078
3078/(19237.5+38475)= .05333..= 5 1/3 % average rate of return on the total investments
4 is within 1 1/3 =4/3 of 5 1/3
8 is within 2 2/3 =8/3 of 5 1/3
(8/3)/(4/3) = 2 = 38475/19237.5