1)A lending company charged its client P2,750 on a loan of P15,800 for 2 years
and 3 months. What simple interest rate is the company using?
2)Three months after borrowing money, PJ pays an interest of P250. How much
did he borrow if the simple interest rate was 5 ½ %?
3)Elizabeth loans P80,000 at 4 ¾ % simple interest. How long will it take her to
get P5,000 interest?
4)Find the ordinary and exact interest on P20,000 for 150 days at 7 ½ % simple
interest?
5)Find the actual and approximate time from November 11 of the previous year
and July 18 of the current year
6)Miller invested P15,250 for 10 years and received P9,150 in simple interest.
What was the rate of that investment?
7)Nick borrowed P6000 at 9% simple interest from 1 ½ years to repair his rice
threshing-machine. Find the simple interest,
installments?
8)Benjamin deposited P600 in a saving account that pays 4% simple interest.
How long did it take for his deposit to earn an interest of P72.
9)What amount was invested for 5 years at 2 ¼ % if it earned interest of P2,500?
10) At what term will P15,000 earn an interest of P2,500 at 1.8%
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