Solve the Problem. -Mardi Received an Inheritance of $70,000. She Invested Part at Invested

question 56

Multiple Choice

Solve the problem.
-Mardi received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 7%. Her total annual income from the investments was $6900. Find the amount invested at 11%.

• A)$50,000
• B)$63,100
• C)$25,000
• D)$49,000

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Definitions:

Comprehensive Chronology

A detailed and complete sequential record of events or historical moments, often presented in time order.

Bad-news Messages

Communications that relay unpleasant or unwelcome information to the recipient.

Organizational Pattern

The arrangement or structure of ideas or content within a piece of writing or speech, aiding in clarity and comprehension.

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or behaviors of others through argumentation, evidence, and appeals to emotion.