Answer:
If Manuel has $20,000 in a savings account that earns 7% interest per year and the interest is not compounded, then after two years he will earn $2,800 in interest. This is because 7% of $20,000 is $1,400, and since the interest is not compounded, this amount will remain constant for each year. Therefore, after two years Manuel will earn a total of $1,400 + $1,400 = $2,800 in interest.
In general, if a savings account earns x% interest per year and the initial amount in the account is y dollars, then after n years the account will earn n * (x/100) * y dollars in interest. For example, if the interest rate is 7% and the initial amount is $20,000, then after two years the account will earn 2 * (7/100) * $20,000 = $2,800 in interest.
Explanation: