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Answer the following problem.

Show your
complete solution.
1. Hailey borrowed P4,500 exact interest at 7%. After 219 days, how much
interest must she pay and what is the total amount due?

2. What is the interest rate at which P4,260 is invested if it earned an exact


simple interest of P94.54 after 90 days?

3. How many years are needed for P5,700 to accumulate to P6,555 at 10%
simple interest?

4. What principal will accumulate to P135, 500 in 2 years at 15% simple


interest?

5. An interest of P720 was paid on a P3,000 simple interest loan at the end of
2 years. What was the rate of interest charged?

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