Question: MULTIPLE CHOICE. Two funds are started with equal deposits at time t = 0. Fund A is credited with simple interest at ratei. Fund B
MULTIPLE CHOICE. Two funds are started with equal deposits at time t = 0. Fund A is credited with simple interest at ratei. Fund B is credited with compound interest at rate i. The force of interest equivalent to i is . Find an expression for the time t, 0t1, at which the difference between Fund A and Fund B is the greatest. A. i- B. C. loge(3) D. log( E. log3)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
