SOLUTION: Mardi received an inheritance of $50,000. She invested part at 8% and deposited the remainder in a tax-free bond at 12%. Her total annual income from the investments was $4,800.
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-> SOLUTION: Mardi received an inheritance of $50,000. She invested part at 8% and deposited the remainder in a tax-free bond at 12%. Her total annual income from the investments was $4,800.
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Question 74503: Mardi received an inheritance of $50,000. She invested part at 8% and deposited the remainder in a tax-free bond at 12%. Her total annual income from the investments was $4,800. Find the amount invested at 8%.
