Bruce and Robbie each open up new bank accounts at time 0. Bruce deposits 100 into his bank account, and Robbie deposits

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answerhappygod
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Bruce and Robbie each open up new bank accounts at time 0. Bruce deposits 100 into his bank account, and Robbie deposits

Post by answerhappygod »

Bruce and Robbie each open up new bank accounts at time 0. Bruce
deposits 100 into his bank account, and Robbie deposits 50 into
his. Each account earns the same annual effective interest rate.
The amount of interest earned in Bruce’s account during the 11th
year is equal to X. The amount of interest earned in Robbie’s
account during the 16th year is also equal to X. Calculate X.
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