# rate of simple interest

## Fifty Thousand Pesos Split into Two Simple Interest Investment

**Problem**

A man wants to invest a sum of P50,000 in two investments. The first investment earns a rate of interest 4 times that of the second investment. In 3 years the first investment grows to P37,200. For 10 years, the second investment grows to P24,000.

- Find the sum invested in each rate of interest.

A. P35,000 and P15,000

B. P35,500 and P14,500

C. P30,000 and P20,000

D. P32,000 and P18,000

- Find the rate of interest of each.

A. 8% and 2%

B. 6% and 4%

C. 7% and 3%

D. 5% and 1%