Raymond B. answered 08/25/22
Math, microeconomics or criminal justice
.06(2x) + .10(x) = 10,296
.22x = 10296
x = 10296/.22 = 46800
$46,800 invested at 10%
$93,600 invested at 6%
total invested is $140,400 earning $10,296
an average rate of return of 10296/140400 = 0.07333... = 7 1/3 %
10-7 1/3 = 2 2/3
7 1/3 -6 = 1 1/3
2 2/3 is twice 1 1/3, same as twice as much invested at the rate 6% which is closer to the average rate of return than 10%