You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At the same time, you deposit 1.6P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 9, what is i? Just Save Problem #7 Your Answer: Your Mark: Answer as a percentage, correct to 2 decimals. Submit Problem #7 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At the same time,
you deposit 1.6P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the
same amount of interest in the last 6 months of year 9, what is i?
Just Save
Problem #7
Your Answer:
Your Mark:
Answer as a percentage,
correct to 2 decimals.
Submit Problem #7 for Grading
Attempt #1 Attempt #2 Attempt #3
Attempt #4
Attempt #5
Transcribed Image Text:You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At the same time, you deposit 1.6P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 9, what is i? Just Save Problem #7 Your Answer: Your Mark: Answer as a percentage, correct to 2 decimals. Submit Problem #7 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5
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