Explanation:
If the interest is not compounded, it means that Mabel will earn a simple interest of 11% per year on her principal amount of $30,000.
The formula for calculating simple interest is:
Interest = (Principal x Rate x Time)
Where:
Principal = $30,000
Rate = 11% = 0.11 (as a decimal)
Time = 2 years
So, substituting the values in the formula, we get:
Interest = (30,000 x 0.11 x 2) = $6,600
Therefore, Mabel will earn $6,600 in interest over a period of 2 years.