Solve the following problems. 1. An amount of ₱1,500,000 is invested in a financial institution. a.) how long will it take for the amount to reach ₱2,000,000 at 5% simple interest? b.) At what interest rate will it earn ₱70,000 in 9 months.

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Solve the following problems. 1. An amount of ₱1,500,000 is invested in a financial institution. a.) how long will it take for the amount to reach ₱2,000,000 at 5% simple interest? b.) At what interest rate will it earn ₱70,000 in 9 months.
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