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2. Justin borrowed Php 8,600 on November 2, 1992, which is to be repaid on May 21, 1993 at 16.2% interest per year. Find the

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2. Justin borrowed Php 8,600 on November 2, 1992, which is to be repaid on May 21, 1993 at 16.2% interest per year. Find the amount to be repaid. How much will the interest be at the repayment date using the following time factors? a. Bankers Rule b. Exact Simple Interest C. Approximate 360 Approximate 365 I d

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