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1 Question 20 $500 is deposited into account X. Account X pays an annual simple interest rate of i. It takes 12.5 years for account

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1 Question 20 $500 is deposited into account X. Account X pays an annual simple interest rate of i. It takes 12.5 years for account X to grow to $781.25. $500 is also deposited into account Y at the same time. Account Y pays an annual effective interest rate of i. How many years does it take for account Y to double in value? A 14.25 B 14.75 15.25 15.75 E 16.25 mono

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