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1.) Bill deposits money into a bank account at the end of each year. Bill's posit in year t is equal to 100t,t 1,2,3,..... The

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1.) Bill deposits money into a bank account at the end of each year. Bill's posit in year t is equal to 100t,t 1,2,3,..... The bank credits interest at an annual effective rate of i. The amount of interest earned in Bill's account during the 11th year is equal to 700. Calculate i. (A) 0922 (B) 0875 (C)0947 (D) .0888 (E) .0726

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