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    snowmist69 Posts: 103, Reputation: 3
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    #1

    Feb 10, 2012, 07:50 PM
    Equatation for $11,000 at 10% simple interest
    I need an equation for this problem I invest 11,000 in an account that pays 10% simple interest. How much adititional money must be invested in an anccount that pays 13% simple interest so that the total interest is equal to the interest on the two investments at a rate of 11%

    All I need is help with the equation, from there I can do the work. I just have problems trying to come up with formulas, equations and such.

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