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Mary deposits money in a bank that compounds interest at i effective per annum. At the same time, sam deposits the same amount as mary
Mary deposits money in a bank that compounds interest at i effective per annum.
At the same time, sam deposits the same amount as mary in another bank that compounds interest at (i+0.1) effective per annum. the end of 5 years, sam has as much in his accounts as mary will have at the end of 10 years. Determine i.
(due a decimal number, rounded to the nearst 10000th for example 0.1234)
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