SOLUTION: Susan 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?
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Question 977507: Susan 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 josmiceli(19441) (Show Source): You can put this solution on YOUR website!
For the 1st year,
interest received
-----------------
For 4 years:
In the 1st 4 years, she will be paid $192
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