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Problem 3.6 A fund is earning 5% simple interest (See Problem 1.5). Calculate the effective interest rate in the 6th year. Problem 3.7 Given A(5)

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Problem 3.6 A fund is earning 5% simple interest (See Problem 1.5). Calculate the effective interest rate in the 6th year. Problem 3.7 Given A(5) = 2500 and i = 0.05. (a) What is A(7) assuming simple interest (See Problem 1.5)? (b) What is a(10) Answer: (a) 2700 (b) 1.5

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