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26 June, 15:42

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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  1. 26 June, 19:01
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    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%
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