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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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