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| rev | Admin | (Created page with "Eric deposits 100 into a savings account at time 0, which pays interest at an annual nominal rate of <math>i</math>, compounded semiannually. Mike deposits 200 into a different savings account at time 0, which pays simple interest at an annual rate of <math>i</math>. Eric and Mike earn the same amount of interest during the last 6 months of the 8th year. Calculate <math>i</math>. <ul class="mw-excansopts"><li>9.06%</li><li>9.26%</li><li>9.46%</li><li>9.66%</li><li>9.86...") | Nov 17'23 at 21:49 | +512 |