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

question 45

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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