Choose the right answer:

question 1 Andrea earned Php2,500 from her Php700,000 investment. She placed it for 90 days @ exact interest. What was (a) the rate given to her investment and what was (b) the future value if it was under ordinary interest?

1. (a) is 1.43% while (b) is php702,607.50

2. (a) is 1.49% while (b) is Php702,502.50

3. (a) is 1.49% while (b) is Php702,607.50

4. (a) is 1.43% while (b) is Php702,502.50

question 2: Joaquin placed his Php35,000 at 1 2/5% (one and two-fifths percent) for one year and six months. Compute for (a) the future value and (b) the interest.

1. none of the above

2. (a) Php42,840.00 and (b) Php7,840.00

3. (a) Php35,656.25 and (b) Php656.25

4. (a) Php35.735.00 and (b) Php735.00