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Brian has money invested at effective rate i. At the end of the first year he withdraws 150% of interest earned, at the end of
Brian has money invested at effective rate i. At the end of the first year he withdraws 150% of interest earned, at the end of the second year he withdraws 300% of the interest earned, and so forth with the withdrawal factor increasing in arithmetic progression. At the end of 14 years the fund is exactly exhaused. Find i.
A 3%
B 4%
C 5%
D 6%
E 7%
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