Question

Marty invested $7000 in treasury notes and stocks. The stocks paid 7% in the notes paid 8%, giving an annual income of $535. How much is invested into the treasury notes?

Answer 1

3500

Explanation:

split 7000 in half for stocks and treasury= 3500 each.

7 percent on 3500 is 3724, 7 percent of 3500 is 245 dollors. 535 x 7 is 3745 = 3500 invested in treasury.