If Pablo $4200 to invest for college if Pablo invest $4200 for three years and earn $630 what is the simple interest rate

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asked Jul 13, 2015 78.0k views

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Dinosaurius · Answer 1 · 2015-07-17T10:03:28+0000

Assuming by simple you mean there is no compound interest:

4200 x Interest rate = 630/3

4200 x Interest rate = 210

Interest rate = 210/4200

Interest rate = 0.05

Interest rate = 5%

If Pablo $4200 to invest for college if Pablo invest $4200 for three years and earn $630 what is the simple interest rate

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