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Juan deposits 100 into an account that grows at an annual simple interest rate of 6%. On the same date, Tina deposits 80 into an
Juan deposits 100 into an account that grows at an annual simple interest rate of 6%. On the same date, Tina deposits 80 into an account that grows at an annual effective interest rate of i. Two years after their deposits are made, Juan's balance is 27% larger than Tina's balance. Find i. (a) 4.67% (b) 4.82% (c) 4.99% (d) 5.21% (e) 5.46%
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