What was the annual rate of return for the bu scholarship, Financial Accounting

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What was the annual rate of return for the bu scholarship

Problem

Consider the following information for the BU Scholarship Investment Fund. The total investment in the fund is $1 million.

Stock	Investment Amount	Stock's Return Last Year
A	$200,000	8.5%
B	$500,000	17.7%
C	$300,000	9.8%

Based on this information, what was the annual rate of return for the BU Scholarship Investment Fund last year?

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Financial Accounting: What was the annual rate of return for the bu scholarship

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