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Question 1: Suppose that you invest $100 in an account and the interest rate of year t is 0.01t. (1) If it is simple interest,

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Question 1: Suppose that you invest $100 in an account and the interest rate of year t is 0.01t. (1) If it is simple interest, find the balance in your account at time t=5. (2) If it is compound interest, find the balance in your account at time t=5

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