A total of $8,000 is deposited in two simple interest accounts. In one account, the annual simple interest rate is 5%, and on the second account, the annual simple interest rate is 6%. How much should be invested in each account so that the total annual interest earned is $450?
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Home » Mathematics » A total of $8,000 is deposited in two simple interest accounts. In one account, the annual simple interest rate is 5%, and on the second account, the annual simple interest rate is 6%.