if $500 was invested at 8%/a, compounded annually, in one account, and $600 was invested at 6%/a, compounded annually, in another account, then when would the amounts in both accounts be equal?
and in the second account:
These are equal when:
But as the interest is paid yearly they will in fact never be equal, but
are most nearly equal after 10 years, when the accounts contain
$1079.46 and $1074.50 respectively.