You deposit 1,000 today and another 2,000 in ve years into a fund that pays simple discount at 5%
per year. Your friend makes the same deposits into another fund but at times n and 2n, respectively.
the fund credits interest at an annual eective rate of interest of 10%. At the end of 10 years, the
accumulated value of your deposits is exactly the same as the accumulated value of your friends
deposits. Calculate n [3 marks