Question

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

Answer 1

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%

Answer 2

Answer:

$250 due to a real interest rate of 5 percent

Step-by-step explanation:

Edu  2021