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5. If a person borrowed P5,000.00 at an annual simple interest rate of 2% for 18 months, how much interest should he
pay?
A. 15.00
C. 1,500.00
B. 150.00
D. 15,000.00
6. How long will it take for a P100.00 accumulate to P1000.00 if deposited in a bank at 2% simple interest annually?
C. 50 years
A. 4.5 years
D. 450 years
B. 45 years
7. What is the principal value given a simple interest rate of 5% for 4 years with an interest of P1,500.00?
A. 75.00
C. 7,500.00
B. 7,050.00
D. 75,000.00
8. Angelo invested a certain amount at 8% simple interest per year. After 6 years, the interest he received amounted to
P48,000.00. How much did he invest?
A. 10,000.00
C. 71,040.00
B. 23,040.00
D. 100,000.00​


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