SIMPLE INTEREST

1. What sum would yield an interest of

Php698.00 in 4 years at 3%?
2. A sum amount to Php2400 at 15% simple
interest per annum after 4 years.
3. A bank is offering 3.5% simple interest on a
savings account. If you deposit 7,500, how
much interest will you earn in 2 years?
4. A new car valued at Php28,000, depreciates
at 9% per year. What is the value of the car
one year after the purchase?