Question: Phoebe banked US$ 2,000 on 1st April 2018 and left it to mature. Fixed annual interest of 4% is earned and payable on 1st January

Phoebe banked US$ 2,000 on 1st April 2018 and left it to mature. Fixed annual interest of 4% is earned and payable on 1st January each year. Where savings have been invested for less than a year, interest is proportional to the fraction of the year for which the account has been open. Due to Covid-19, she withdrew her entire savings on 1st May 2020. How much interest to the nearest US$ has Phoebe earned?

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