1 P 72 500 8% 3 yr.
1
3 P 48 200 11% 2 2 yr
10 4 %
4 P 161 500 4 yr.
5
91%
5 P 450 000 5 yr.
4
6 P 35 600 6% 9 mo.
8 1%
8 P 75 800 2 yr.
2
16. Ana borrows P20,000 from her uncle and agrees to pay him P22,000 in 15 months. What interest rate was he paying?
17. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have P48,200 at the end of the term, what
must be his principal?
18. If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to have P30,000 in 9
months?