Can someone explain and work out with this question? *will give brainliest* 30 points
a gentleman possesses two purses.
were he to multiply the contents of the
first purse by 8 and the contents of the
second by 17, these two amounts would
be the same. were he to add half of the
contents of first purse to double the
contents of the second purse this would
total 49 pounds. how much money
does each purse contain?

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

answer: the answer is 35%