Jaden deposited $9000 in a savings account with a simple interest. two years later, the account held $10,440. what is the interest rate?

The interest rate is 8%

Step-by-step explanation:

Given:

amount Jaden Deposited =   $9000

Time period = 2 years

Total amount after 2 years = 10440

To Find:

The interest rate = ?

Solution:

Let the interest rate be  R

The interest rate Jaden got after 2 years  = 10440 - 9000

So the interest amount for 2 years  = 1440

Now we know that,

Substituting the known values ,

R = 8

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step-by-step explanation: