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Peter deposits 8 5 for t years at an annual simple interest rate of 1 5 % . Ethel deposits 8 5 for t years

Peter deposits 85 for t years at an annual simple interest rate of 15%.
Ethel deposits 85 for t years at an annual simple discount rate of 8%.
At the end of t years, Peter's accumulated value is equal to X, and Ethel's accumulated value is also equal to X. You are given that t >0.
Calculate X.

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