SOLUTION: If 22% of my investments are growing at 0%, and 78% of my investments are growing at a 6% rate, how would I would I figure the overall average growth rate?

Algebra ->  Average -> SOLUTION: If 22% of my investments are growing at 0%, and 78% of my investments are growing at a 6% rate, how would I would I figure the overall average growth rate?      Log On


   

Question 1064844: If 22% of my investments are growing at 0%, and 78% of my investments are growing at a 6% rate, how would I would I figure the overall average growth rate?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
Growth is 0.22*0+(.78*.06)=0+.0468=0.0468 or 4.68%