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Bruce and Ken each deposit 50 at time t = 0. Bruce’s fund accumulates with a force of interest of 2%. Ken’s fund accumulates at a simple interest rate of 4%. At time t, the forces of interest on t

Bruce and Ken each deposit 50 at time t = 0. Bruce’s fund accumulates with a force of interest of 2%. Ken’s fund accumulates at a simple interest rate of 4%. At time t, the forces of interest on the two funds are equal. Find the accumulated value in Bruce’s account at time t.

(A) 80 (B) 82 (C) 84 (D) 86 (E) 88

 

May 21 2021 View more View Less

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