v1 Financial Maths, STD2 F1 2023 HSC 1 MC An amount of $5500 is invested at a simple interest rate of 4% per annum. How much interest is earned in the first two years? $220 $280 $440 $5720 Show Answers Only `C` Show Worked Solution `I` `=Prn` `=5500 xx 4/100 xx 2` `=$440` `=>C`