Problem #7: You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At the same time, you deposit 2.4P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 9, what is i? Problem #7: Answer as a percentage, correct to 2 decimals. Just Save Submit Problem #7 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #7 Your Answer: Your Mark: Problem #8: An initial deposit of $8000 is made into an account now, and a second deposit of $25000 is made into the same account after 15 years. During the first 10 years, the account earns interest quoted at a nominal quarterly discount rate of d %. After 10 years have passed, any money in the account earns a nominal semi-annual interest rate of 5.3%. At the end of 30 years, the total value of the account will be $116218. What is the value of d (to the nearest 0.1%)? Problem #8: d as a percentage, correct to 1 decimal