Simple Interest: What was the interest rate in the other account?

Описание к видео Simple Interest: What was the interest rate in the other account?

8.) Tim had P500,000 to invest. To decrease the risk, he split it evenly between two accounts. One amount had an 8% annual interest rate. If he kept his investment in both account for
2 years and ended up with a total of P615,000,
what was the INTEREST RATE in the other account?
a. 8.5%
b. 5%
c. 10%
d. 15%

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