Cody has $700 in a savings account that pays 4% interest. what is the amount of simple interest he will learn in 2 years

The interest Cody gets in 2 years be $56 .

Step-by-step explanation:

Formula

As given

Cody has $700 in a savings account that pays 4% interest .

Principle = $700

Interest = 4%

Time = 2 years

Put in the formula

Simple interest = $ 56

Therefore the interest Cody gets in 2 years be $56 .

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step-by-step explanation:

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