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) About Me  (Show Source):
You can put this solution on YOUR website!
For the 1st year,
+.06%2A800+=+48+
interest received
-----------------
For 4 years:
+4%2A48+=+192+
In the 1st 4 years, she will be paid $192