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?

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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) About Me  (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.