Jen makes an initial deposit of X into an account that pays interest at a nominal interest rate of i compounded every tw

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answerhappygod
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Jen makes an initial deposit of X into an account that pays interest at a nominal interest rate of i compounded every tw

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Jen makes an initial deposit of X into an account thatpays interest at a nominal interest rate of i compoundedevery two months. Chris makes an initial deposit of 6X into adifferent account, earning a simple interest rate of i. If Jenand Chris both earn the same amount of interest in the last twomonths of the 20th year, then find i.
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