SOLUTION: if a person 500 at 2% simple interest for 4 years how much interest is earned?

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Question 700558:

if a person 500 at 2% simple interest for 4 years how much interest is earned?
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
500(1+.02)^4
500*1.02^4=$541.22 ANS.