bewellplus.gsu.edu
bljanway bljanway
  • 28-10-2014
  • Mathematics
Answered

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

Verified Answer :

ollieboyne
ollieboyne ollieboyne
  • 28-10-2014

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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57930 57930
  • 01-04-2021

Answer:

$250 due to a real interest rate of 5 percent

Step-by-step explanation:

Edu  2021

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