SOLUTION: Randy wants to move his savings account to a new bank that pays a better interest rate at 3.5% so that he can earn $100 in interest faster than his old bank. If he was $800 to the

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Question 984197: Randy wants to move his savings account to a new bank that pays a better interest rate at 3.5% so that he can earn $100 in interest faster than his old bank. If he was $800 to the new bank how long will it take him to earn his hundred dollars in his interest
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Simple interest? Compound interest? Number of compounding periods per year?

John

My calculator said it, I believe it, that settles it