Create a problem where you invest money in two different accounts having different simple interest for a one year payout. Use the basic equation Interest=principal times the rate.

You have two accounts in a bank. The first account has a 5% interest rate per year . The second account has a 10 % interest rate per year. You deposit 2000.00 in each account in a year’s time. How much interest would you earn on each account.
Step 1: Read the problem and gather all important information.
Account 1 principle is 2000.00 in a year, it earns 5% interest per year.
Account 2 principle is 2000.00 in a year, it earns 5% interest per year.
Step 2: Make a sketch and/or place information in a table. Interest earned in 1 year | Account 1 principalPer year | Account 2 PrincipalPer year | Rate of interest | percent | dollars | dollars | percent | y | 2000.00 | 2000.00 | z |

Step 3: Perform Mathematical Calculations.
Account 1 : interest=principle*rate
Interest = y
Principle = x
Rate = z
Equation : y=x*z
Y= 2000(.05)
Y= 100.00
Account 2 : interest=principle*rate
Interest = y
Principle = x
Rate = z
Equation : y=x*z
Y= 2000(.10)
Y= 200.00
Step 4: Check Answers
Account 1
Y=x(z)
100= 2000(5%=.05)
100=100
Account 2
Y=x(z)
200= 2000(10%=.10)
200=200

Step 5: Answer the question:
If the principal in each account is 2000.00 in a year , How much interest would be earned?
The 1st account would earn 100.00 dollars a year in interest and account 2 would earn 200.00 a year in interest .

If you take your problem and say you wanted to earn 337.00 in one year using simple interest for your two accounts, how much would you need to invest in each account to earn this interest? Please setup this problem using the 5 step approach and find the principles needed to be invested in each account to earn the 337 in one year.