# SOLUTION: A total of P600 000 is deposited into two simple interest accounts. On one account the annual simple interest rate is 8%, while on the second account the annual simple interest rat

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 Click here to see ALL problems on Money Word Problems Question 169878: A total of P600 000 is deposited into two simple interest accounts. On one account the annual simple interest rate is 8%, while on the second account the annual simple interest rate is 12%. How much should be invested in each account so that the total annual interest earned is P52 000? please give me the table of your solution.Answer by jojo14344(1512)   (Show Source): You can put this solution on YOUR website!Let = amount inv. @ 12% So, =amount inv. @ 8% It follows: , EQN 1 x=100,000 ---------> amount inv. @ 12% . =500,000 -------> amount inv.@8% Let's check using Simple Annual Interest: =40,000 =12,000 Therefore, Thank you, Jojo