Question: A. Basic Concepts of Interest (Kindly identify if it is under simple interest or compound interest before answering) 1. To furnish his new condominium unit,

A. Basic Concepts of Interest (Kindly identify if it is under simple interest or compound interest before answering) 1. To furnish his new condominium unit, Jae borrowed Php 125 000 at 3% interest for 11 months. How much interest will she pay? 2. Find the maturity value for a loan of Php 25 000 to be repaid in 8 months with an interest rate of 4.3%

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