Bob invested one half of his savings in a bond that paid…

Bob invested one half of his savings in a bond that paid simple interest for 2 years and received $500 as interest. He invested the remaining in a bond that paid compound interest (compounded annually) for the same 2 years at the same rate of interest and received $600 as interest. What was the annual rate of interest?

This problem repeats another one in the library (at most with different numbers), so it's left out of browsing.

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #18695