Joeli deposited $1000 on 1 January 2011 in an account paying interest of 12% p.a compounded quarterly. He also deposited $800 (on 1 January 2011) in another account which pays 15% p.a. effective interest. Find the time (n) when the two accounts will be equal value if the exact method is used for fractions of an interest period.

Answer 1

Work it out yourself :)
Good Luck!!!
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Answer 2

study n find d answer