how much simple interest is earned one year from two accounts bearing 4% and 6% respectively? the first contains $3000 and the second $2500

simple interest = Principal*Rate*Time/100

SI on 3000 = 3000*4*1/100= $120

SI on 2500 = 2500*6*1/100 = $150

total interest = 120 + 150 = $ 270

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