ANSWER:
$580
STEP-BY-STEP EXPLANATION:
We have that the simple interest formula is the following:
[tex]I=P\times R\times t[/tex]
Where, I is the interest money created, P is the principal starting amount of money, R is the interest rate per year and t is the time the money is invested.
Replacing, we calculate the interest earned in 4 years:
[tex]\begin{gathered} I=5800\cdot0.025\cdot4 \\ I=\text{ \$580} \end{gathered}[/tex]
The interest earned is $580
