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Problem Solving 1. In how many years will an investment triple in value at 15% simple interest rate! 2. How long will it take PHP 10 500 to earn 5000 ir the interest is 20% compounded quarterly? 3. PHP 15 000.00 is deposited in a savings account that offers continuous compounding. Determine the interest rate if it accumulates to PHP 24 731 aller 15 years 4. Tom and Olympia just opened saving accounts at two different banks. They each deposited $ 3.000. Tom's bank pays simple interest at an annual rate of 2.5%, whereas Olympia's bank pays compound interest at a monthly rate of 2.0%. No interest will be taken out of the accounts for a period of 5 years. At the end of 5 years, whose balance will be greater and by how much to the nearest dollar