John invested $2000 for 3 years at 10% per annum. Peter invested $1000 at the same rate. If they both received the same amount of money in interest, for how many years did Peter invest his money?

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asked Sep 17, 2022 94.9k views

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John invested $2000 for 3 years at 10% per annum. Peter invested $1000 at the same rate. If they both received the same amount of money in interest, for how many years did Peter invest his money?

Mathematics
high-school

Alup asked

by Alup

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Answer:

Explanation:

Andreas Krohn answered Sep 21, 2022

by Andreas Krohn

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