James invests 7,500 at a rate of 3% compound interest for 8 years. How long would he have to inv

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Joseph Lentino · Answer

In this problem, we&#x27;re looking to do a little comparison. And so we&#x27;re going to be given differe

James invests $7,500 at a rate of 3% compound interest for 8 years. How long would he have to invest the same amount at a simple interest rate of 5% to earn more than the compound interest option?