John invested $ 10,000 in a savings bank account that earned 2% simple interest. Find the interest earned if the amount was kept in the bank for 4 years. Choose the correct answer.
A) 600 B) 800 C) 850 D) 900 E) 950
Principle P = $ 10,000 Time Period T =4 years and Rate of Interest = 2% = 0.02   Plugging these values in the simple Interest formula,   I = PX T X R   = 10,000 X 4 x 0.02   = $ 800   Interest earned for the investment = $ 800   answer :800
<result>B</result>
John invested $ 10,000 in a savings bank account that earned 2% simple interest. Find the interest earned if the amount was kept in the bank for 4 years.