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11 - Solve the following problems below. Used the appropriate formula given form the pool of formulas. SHOW YOUR SOLUTION. Kindly use the back page for your solution. I = PRT R = X 100% PT M = P(1 + i)" m M = P + 1 X 360 (days) PR M = P(1 + i)" 1 = M-P 1 I P = RT T=X 12 (months) PR n=txm lo = PRT = 1. Mr. Santos got a loan of 35, 000 from a cooperative union at 8-% simple interest for 2 years and 8 months. How much interest did he pay? 2. Mrs. M. de Guzman signed a loan of 45,000 for 150 days at 6.35% ordinary interest. Find the amount of interest and the maturity value of her loan. 3. How long in years will it take for 40,000 to amount to 75,000 at 6.5% simple interest? 4. Mr. Vasquez paid the bank 850.75 interest at 8% simple interest for 120 days. How much did Mr. Vasquez borrow? 5. A man borrowed 50,000 and promised to pay the principal and interest at 6% compounded monthly. How much did he pay after 2 years and 9 months?
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