SOLUTION: What is the simple interest earned on $700 invested at 5% annual interest for 2 years?

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Question 425369: What is the simple interest earned on $700 invested at 5% annual interest for 2 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=700*0.05*2
I=$70