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A deposit of X is made into a fund which pays an annual effective interest rate of 6 % for 1 0 years. At the

A deposit of X is made into a fund which pays an annual effective interest rate of 6% for 10 years. At the same time, X/2 is deposited into another fund ,which pays an annual effective rate of discount of d for 10 years. The amounts of interest earned over the 10 years are equal for both funds. Calculate i, where i represents the effective rate of interest when d is its discount rate.
a.9.0% b.9.5% c.9.9% d.10.5% e.11.0%

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