Question: Solve the following problems and show solution 1. A man borrowed Php 25, 000.00 for 2.25 years at 8% per year. Find the amount of

Solve the following problems and show solution

1. A man borrowed Php 25, 000.00 for 2.25 years at 8% per year. Find the amount of simple interest. 2. Mrs. Reyes obtained a loan of Php 45, 000.00 from a credit union that charges 8.5% simple interest for 3 years. Determine the total amount of interest due on the loan. 3. How much is the simple interest on Php 17. 600.00 for years at 7.5%? 4. A man obtained a loan of Php 54, 000.00 for years at 8.35%. How much was the simple interest? 5. A loan of Php 28, 900.00 is obtained for years at 8.6%. How much is the simple interest

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