Compute the simple interest using four methods

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1. On February 19, 2020, Trisha borrowed P50,000 from a community cooperative at 9% simple interest. The loan is payable on September 12, 2020. Compute the simple interest using the four methods. How much will be the maturity value if the Banker's Rule is used?

2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund accumulated to P12,630. How much was the amount originally invested?

3. Mr. Tan borrowed P15,000 from the faculty fund at 13.25% simple interest for 210 days. How much would he repay at the end of the term if he is charged exact interest?

Reference no: EM133075108

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