Question

mr. mike invested two sums of money on simple interest. the fist was $2200 invested at 8% per annum and the second $1960 at 10% per annum. the sums were allowed to frow till bothe amounted to the same figure. in how many years did this happaended and what was the final amount?

Answer 1

You want x, where

2200(1+.08x) = 1960(1+.10x)