Haynes Tran
06/03/2023 · Primary School
Actlvity 1: Simple Interest and future Value Solve the following problems. Write the given, what is asked in the problem, and show the solution. 1. Find the simple interest on a toan of Php 75000 if the loan is given at a rate.of \( 10 \% \) per year and is due in 3 years. 2. If. you deposit Php 5000 in a bank at an annual simple interest rate of \( 0.5 \% \) how much money will you have after 12 years?
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1. The simple interest on the loan is Php 22,500.
2. After 12 years, you will have Php 5,300 in the bank.
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