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Activity #1
Direction: Solve the following problmes on simple interest. Show your solutions
1. PhP 3,500.00 was paid as Simple Interest on a sum of money worth PhP 14,000.00, if the money was borrowed at the rate of 5% per anmum. How many years was the period of the loan?
2. If PhP 210.00 was earned as simple interest on money invested at 5% for 2 years, what amount of money was invested?
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