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Mathematics

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He has $4,200 to invest, for college if he invests 4200 for 3 years and year and earns $630 what is the simple interest rate

Answer :

taylorh99 taylorh99

Today at 12:35 AM

I=Prt

r=I/Pt

r=630/((4200)(3))
=0.05*100
=5%
the simple interest rate it 5%

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