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

Multiple Choice

Solve the problem.
-Mardi received an inheritance of $60,000. She invested part at 11% and deposited the remainder in tax-free bonds at 12%. Her total annual income from the investments was $6800. Find the amount invested at 11%.

A) $39,000
B) $20,000
C) $40,000
D) $53,200