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

Question 130

Multiple Choice

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

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