At the time of Subirbabu's retirement, he received a lump sum of Rs. 600,000 for provident fund and gratuity. He wants to deposit the money in the post office and bank in such a way that he gets Rs 34,000 as interest every year. If the annual simple interest rate of the post office and the bank is 6% and 5% respectively, determine where and how much money he will keep.
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98 percentage is a correct answer
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