1) What is the face value of a 120-day simple interest note if the maturity value is P7,250 and the simple interest rate is 15%?

Simple Interest 1. How much interest is charged when Php 300,000 is borrowed for 2 years with an interest rate of 4.5 %? 2. Athena borrowed Php 475,000 from a lending firm that charges 6% per year. How much should she pay the lending firm after 4 years? 3. How long will it take for Php 75,000 to have a maturity value of Php 120,000 if the rate at which it is invested is 11% simple interest? 4. Ms. Arespacochaga expects to have Php 1,750,000. in her fund at the end of 5 years. If she invested Php 1,400,000 at the start of the term, what interest rate is applied? 5. Determine the exact interest earned if Php 86,000 is borrowed at 12% interest rate for 125 days. 6. What is the future value of Php 93,000 if it is invested at 12% simple interest rate for 260 days using ordinary interest