force of interest, δ
Calculate the unknown interest rate, δ
Bruce deposits 100 into a bank account.
His account is credited interest at a nominal rate of interest of 4% convertible semiannually.
At the same time, Peter deposits 100 into a separate account.
Peter’s account is credited interest at a force of interest of δ .
After 7.25 years, the value of each account is the same.Calculate δ.