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Eric deposits 100 into an account for t years at an annual simple interest rate of 5% Judy deposits 100 into an account for t

Eric deposits 100 into an account for t years at an annual simple interest rate of 5%

Judy deposits 100 into an account for t years at an annual simple discount rate of 4%.

At the end of t year, Eric and Judy both have account balances equal to X. Determine X.

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