1. Nancy borrowed P24, 000 from the State Bank to buy a scooter. If the rate of interest is 10% per annum compounded annually, what payment will she have to make after 2 years 3 months?

2. Abby invested P16,000 at 2/% per annum compounded quarterly. How much will she gain atthe end of 2 years?

3. Mike borrowed P36, 000 from a finance company at 10% per annum, compounded half-yearly. What amount of money will discharge his debt after 1/years?