Chloe deposits $2,000 in a money market account. The bank offers a simple interest rate of 1.2%. How much interest will she earn in 10 years? (Simple interest formula: I=prt )
We have the formula I = P*r*t, where I is the interest earned, P is the principal (the initial amount deposited), r is the interest rate, and t is the time in years.
Plugging in the numbers, we have I = 2000*0.012*10 = $<<2000*0.012*10=240>>240.
Therefore, Chloe will earn $240 in interest over 10 years. Answer: \boxed{240}.