Answer:
$8
Explanation:
The yearly amount of interest earned on a $100 deposit at 4 percent rate is:
[tex]Ai=$100*0.04\\Ai=\$4[/tex]
Since simple interest investments yield a constant interest each year, the amount earned after two years is:
[tex]I=2*\$4\\I=\$8[/tex]
The total amount earned is $8.
