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Caroline deposited $500 into a savings account that pays a simple interest rate of 4% per year. Which
of the following is the closest to the interest she earned in 2 years?

Answer :

Answer: She would have earned $40s in interest over a 2 year period.      Step-by-step explanation:  4% of $500 is $20.  If you were to multiply by 2 because of 2 years, you would have $40.

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