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Brian and Jane each open new bank account at Time 0. Brian deposits 500 into bank accounts, and James deposits 1000 into hers. Each account

Brian and Jane each open new bank account at Time 0. Brian deposits 500 into bank accounts, and James deposits 1000 into hers. Each account earns the same annual effective rate. The amount of interest in Brians account during the 13th Year is equal to X. The amount of interest earned in Janes account during the 7th year is also equal to X. Calculate X.

259

251

240

245

235

NOTE: I did this problem myself and got 235, which is wrong. Therefore, is not the answer.

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