Solve the Problem. -Mardi Received an Inheritance of $60,000. She Invested Part at Invested

question 130

Multiple Choice

Solve the problem.
-Mardi received an inheritance of $60,000. She invested part at 1.25% and deposited the remainder in tax-free bonds at 2%. Her total annual income from the investments was $825. Find the amount
Invested at 1.25%.

• A) $49,000
• B) $50,000
• C) $25,000
• D) $59,175