Colby inherited a small savings-bond portfolio consisting of four $1000 face- value Canada Savings Bonds and six

Question:

Colby inherited a small savings-bond consisting of four $1000 face- value Canada Savings Bonds and six $1000 face-value Ontario Savings Bonds. In the first year, the earned $438 interest. At the end of the first year, Colby cashed in one of the Canada Savings Bonds and two of the Ontario Savings Bonds. In the following year, the remaining bonds earned $306 interest. What annual rate of interest did each type of bond earn?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...