Solve the Problem $\$ 60,000$ She Invested Part At an Inheritance

question 34

Multiple Choice

Solve the problem.
-Mardi received an inheritance of $\$ 60,000$ . She invested part at $8 \%$ and deposited the remainder in tax-free bonds at $11 \%$ . Her total annual income from the investments was $\$ 5700$ . Find the amount invested at $8 \%$ .

• A) \(\$ 54,300\)
• B) \(\$ 29,000\)
• C) \(\$ 30,000\)
• D) \(\$ 15,000\)

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Definitions:

Broad Goals

Wide-ranging objectives that an organization aims to achieve over a long-term period.

Specific Goals

Refers to well-defined, precise, and measurable objectives that an organization or individual aims to achieve.

Critical Incident Method

A performance appraisal approach focusing on identifying and evaluating specific events (incidents) where the employee did something particularly well or poorly.

Management-by-objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.