Question 6 3 pts If the interest rate is 9%, how long will it take to triple your money? Indicate your response in years rounded to the two decimal places. Question 7 5 pts Max needs to arrange to finance for his new apartment. Bank X offers to lend him the required funds on a loan compounded monthly, and the quoted rate is 8.86%. Bank Y will charge 9.69% compounded quarterly. What is the absolute difference in per cent in the effective annual rate charged by the two banks? Round your response to two decimal points