http://yedda.com/questions/solve_862548085133387/?src=rss:qb:qbsMardi received an inheritance of $70000. she ...en-ushttp://static1.yeddacdn.com/images/Logo132X46_rmt9c1d22d.jpghttp://yedda.com/questions/solve_862548085133387/?src=rss:qb:qbsMardi received an inheritance of $70000. she ...http://yedda.com/questions/solve_862548085133387/?src=rss:qb:qbi<p>Mardi received an inheritance of $70000. she invested part at 7% and deposited the remainder in tax-free bonds at 12%. Her total annual income from the investments was $5900. Find the amount invested at 7%.</p>HelloHellofemale21questionThu, 09 Jul 2009 05:37:45 GMThttp://yedda.com/questions/solve_862548085133387/?src=rss:qb:qbihttp://yedda.com/questions/solve_862548085133387/entire_going_draw_min_7_nbsp_70K_862047317143275?src=rss:qb:qbi<p>You know that the entire amount is going to draw a min of 7% :  so, 70K @ 7% = $4900.  Since Mardi made $5900, then an additional $1000 was earned @ 5%  ( 12% - 7% = 5%)   $20,000 @ 5% = $1000.  So,  $50,000 is invested @ 7% and $20,000 @ 12%. </p> <p> </p> <p>$50K @ 7% = $3500     $20K @ 12% = $2400 </p> <p> </p> <p> BTW:  Mardi is an idiot and shouldn't be trusted with money.</p>tyrebitretyrebitre62answer3.0Fri, 10 Jul 2009 04:10:36 GMThttp://yedda.com/questions/solve_862548085133387/entire_going_draw_min_7_nbsp_70K_862047317143275?src=rss:qb:qbi