Solve the problem.
-Mardi received an inheritance of $60,000. She invested part at 1.25% and deposited the remainder in tax-free bonds at 2%. Her total annual income from the investments was $825. Find the amount
Invested at 1.25%.
A) $49,000
B) $50,000
C) $25,000
D) $59,175

Question

Quizplus · Accepted Answer

Mardi invested $50,000 at 1.25% to earn $625 (1.25% of $50,000) and the remaining $10,000 at 2% to earn $200 (2% of $10,000), totaling $825 in annual income.

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