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Solve the Investment Problem $40,000\$ 40,000 She Invested Part At Received

Question 291

Multiple Choice

Solve the investment problem.
-Mardi received an inheritance of $40,000\$ 40,000 . She invested part at 12%12 \% and deposited the remainder in tax-free bonds at 7%7 \% . Her total annual income from the investments was $4300\$ 4300 . Find the amount invested at 12%12 \% .


A) $35,700\$ 35,700
B) $30,000\$ 30,000
C) $29,000\$ 29,000
D) $15,000\$ 15,000

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