Question 772949
A $4000 investment at an annual simple interest rate of 3.9% earned as much interest after one year as another investment in an account that earned 6.5% annual simple interest. How much was invested at 6.5%?
--------
4000(1+0.039*1) = x(1+0.065*1)
--------
4000(1.039) = x(1.065)
-------------
x = $3902.35
===============================
Cheers,
Stan H.
===============