SOLUTION: Lisa deposits $800 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 4 years?
Algebra.Com
Question 729893: Lisa deposits $800 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 4 years?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
800(1+.06)^4
800*1.06^4
800*1.262=$1,009.98 ANS.
RELATED QUESTIONS
Lisa deposits $800 into an account that pays simple interest at a rate of 4% per year.... (answered by Alan3354)
Susan deposits
$800 into an account that pays simple interest at a rate of 6% per year. (answered by josmiceli)
Karen deposits into an account that pays simple interest at a rate of per year. How... (answered by checkley79)
Jane deposits $400 into an account that pays simple interest at a rate of 3% per year.... (answered by ewatrrr)
Isabel deposits $4000 into an account that pays simple interest at a rate of 4% per... (answered by rvfer)
Ivanna deposits into an account that pays simple interest at a rate of per year. How... (answered by JulietG)
Maria deposits
$800
into an account that pays simple interest at a rate of
5%
per (answered by Theo)
Greg deposits into an account that pays simple interest at a rate of per year. How much... (answered by Alan3354)
Rueben deposits into an account that pays simple interest at a rate of per year. How... (answered by JulietG)