Respuesta :

The answer is $56. I=P×R×T I=700×0.04×2 I=$56

Answer:

The interest Cody gets in 2 years be $56 .

Step-by-step explanation:

Formula

[tex]Simple\ interest = \frac{Principle\times Rate\times Time}{100}[/tex]

As given

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

Principle = $700

Interest = 4%

Time = 2 years

Put in the formula

[tex]Simple\ interest = \frac{700\times 4\times 2}{100}[/tex]

[tex]Simple\ interest = \frac{5600}{100}[/tex]

Simple interest = $ 56

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