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

Question 34

Multiple Choice

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


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

Correct Answer:

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