Question 1
In 2011, Danny invested his savings among four mutual funds as follows: 25% in bonds fund, 20% in Canadian equity fund, 40% in US equity fund, and the rest in money markets. During the past year, the rates of return on the individual funds were 7%, 3%, 9%, and -1%, respectively. What was the overall return rate on his portfolio?
Question 2
In the first term, Sam's courses and grades were as follows:
Course | Credit | Grade Point Value |
English | 2 | 2.7 |
French | 2 | 3.0 |
Math | 3 | 4.0 |
Physics | 3 | 4.0 |
Chemistry | 3 | 3.7 |
Social Science | 1 | 3.3 |
Arts | 1 | 2.0 |
Calculate Sam's Grade Point Average (GPA).