Question 1

My principal amount is Php. 24,110.00 at 15.367% for 7 months, find the simple interest.

Accepted Answer

Php.  2,161.00

Answer

Php.  2,141.00

Answer

Php.  2,181.00

Answer

Php.  2,201.00

Question 2

My principal amount is Php. 121,161.00 at 62.45% for 21 years, find the simple interest. (NOTE: Find the 'Nearest' answer from the choices)

Accepted Answer

Php.  1,588,970.00

Answer

Php.  1,538,970.00

Answer

Php.  1,568,970.00

Answer

Php.  1,558,970.00

Question 3

My principal amount is Php. 81,300.00 at 104% for 10 months, find the simple interest. (NOTE: Find the 'Nearest' answer from the choices)

Accepted Answer

Php. 70,400.00

Answer

Php.  70,300.00

Answer

Php.  70,100.00

Answer

Php.  70,200.00

Question 4

My principal amount is Php. 81,300.00 at 104% for 60 days, find the simple interest. (NOTE: Use the 365 -day method; Find the 'Nearest' answer from the choices)

Accepted Answer

Php. 13,900.00

Answer

Php.  12,900.00

Answer

Php.  10,900.00

Answer

Php.  11,900.00

Question 5

My principal amount is Php. 290,000.00 at 123% for 16 weeks, find the simple interest. (NOTE: Use the 365 -day method; Find the 'Nearest' answer from the choices)

Accepted Answer

Php. 109,450.00

Answer

Php. 112,450.00

Answer

Php. 111,450.00

Answer

Php. 112,450.00

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