pls calculate manually using formula Question 1 An investor puts $100 into Fund X...
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pls calculate manually using formula
Question 1 An investor puts $100 into Fund X and $100 into Fund Y at the beginning. Fund Y earns compound interest at the annual rate of j > 0, and Fund X earns simple interest at the annual rate of 1.25j. At the end of two years, the amount of interest in Fund Y is equal to the amount of interest in Fund X. Calculate, (a) j, correct to five decimal places. [5 marks] (b) The amount of money in both funds at the end of five years. [3 marks] (c) The difference in amount of interest earned by both fund at the end of ten years. [3 marks] Question 1 An investor puts $100 into Fund X and $100 into Fund Y at the beginning. Fund Y earns compound interest at the annual rate of j > 0, and Fund X earns simple interest at the annual rate of 1.25j. At the end of two years, the amount of interest in Fund Y is equal to the amount of interest in Fund X. Calculate, (a) j, correct to five decimal places. [5 marks] (b) The amount of money in both funds at the end of five years. [3 marks] (c) The difference in amount of interest earned by both fund at the end of ten years. [3 marks]
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