Eric deposits 100 into a savings account at time 0 , which pays interest at a nominal rate of

i

, compounded semiannually.\ Mike deposits 200 into a different savings account at time 0 , which pays simple interest at an annual rate of

i

.\ Eric and Mike earn the same amount of interest during the last 6 months of the

8^(th )

year.\ Calculate i.\ (A)

9.06%

\ (B)

9.26%

\ (C)

9.46%

\ (D)

9.66%

\ (E)

9.86%

Eric deposits 100 into a savings account at time 0 , which pays interest at a nominal rate of i, compounded semiannually. Mike deposits 200 into a different savings account at time 0 , which pays simple interest at an annual rate of i. Eric and Mike earn the same amount of interest during the last 6 months of the 8th year. Calculate i. (A) 9.06% (B) 9.26% (C) 9.46% (D) 9.66% (E) 9.86%