Answer:
Step-by-step explanation:
Simple interest is the agreed upon amount that was first deposited. Even if the depositor leaves his interest in the account, the amount paid is on the account is on the 5000 dollars, not the 5100 it will be at the end of the second year.
i = p * r * t
p = 5000 dollars
r = 2% each year
i = 2/ 100 = 0.02
i = 5000 * 2/100 * 2
i = 200 dollars after 2 years.
