Answer what is being asked. 1. How much was borrowed if a simple interest rate of 2.10% was offered payable in 4 months with interest of php35.00? 2. What is the simple interest on a Php500 loan at 2.5% interest to be paid at the end of 6 months? 3. The loan Php1,350 is to be repaid in 1 year at 4.5% simple interest. How much is added to the loan?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Question
Answer what is being asked.
1. How much was borrowed if a simple interest rate of 2.10% was offered payable in 4 months with interest
of php35.00?
2. What is the simple interest on a Php500 loan at 2.5% interest to be paid at the end of 6 months?
3. The loan Php1,350 is to be repaid in 1 year at 4.5% simple interest. How much is added to the loan?
Transcribed Image Text:Answer what is being asked. 1. How much was borrowed if a simple interest rate of 2.10% was offered payable in 4 months with interest of php35.00? 2. What is the simple interest on a Php500 loan at 2.5% interest to be paid at the end of 6 months? 3. The loan Php1,350 is to be repaid in 1 year at 4.5% simple interest. How much is added to the loan?
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