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Imran invested equal amounts in the shar...

Imran invested equal amounts in the shares of two companies A and B. A offered him a `4%` return while B offered him a `6%` return. Which of the following can be the effective rate of return he receives on his entire investment?

A

`4%`

B

`5%`

C

`7%`

D

`6%`

Text Solution

Verified by Experts

The effective rate of return must lie between `4%` and `6%`.
`therefore "Choice (b) can be the effective rate of return".`
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