Answer :
Simple Interest (SI) = Principal × Rate × Time
100
SI = 700$ × 4% × 2
100
SI = 7 × 4 × 2
SI = 56
therefore the simple interest is 56$
100
SI = 700$ × 4% × 2
100
SI = 7 × 4 × 2
SI = 56
therefore the simple interest is 56$