> Activity ASSESSMENT TASK I. Determine the actual and approximate time between the two dates. 1. July 3, 1987 to October 6, 1987 2. February 9, 2001 to August 24, 2001 3. November 14, 2007 to March 19, 2008 4. December 25, 2012 to December 24, 2013 5. January 8, 2019 to June 5, 2020 Il. Find the maturity date of the following notes using actual and approximate time. Date of Loan Term of Loan April 9. 1897 45 days July 16, 2006 90 days January 12, 2008 120 days May 22, 2012 135 days September 12, 2017 210 days Ill. Problem Solving. 1. Find the simple interest on a P72,250-loan at 8.25% interest per annum from June 12, 2009 to November 6, 2009 using the following: a. ordinary interest in actual time b. ordinary interest in approximate time C. exact interest in actual time d. exact interest in approximate time 2. How much should be paid on May 29, 2015 for a loan of P39,780 issued on January 7, 20157 3. Miya borrowed P50,000 in a bank. After 2 years and 8 months, she paid the bank, P60,000. What is the effective interest rate of the bank?4. A 4-year term deposit at a bank has an interest rate of 5.2% per year. How much will have to be deposited in that bank to earn P27,6007 5. Layla invested a certain amount of money at Moon Life Financing at an annual rate of 7%. If she withdraws all of her money in the firm which amounts to P 123,450 after 1 year, 8 months, and 15 days, how much did she invest in the firm? 6. On November 5, 2019, Bruno was granted a loan of P250,000 by an agricultural cooperative which charges an interest rate of 10% every year. At the end of the term of the loan, Bruno paid P325,000. How much id the interest incurred to Bruno and when is the loan due? 7. Granger applied for a student loan at LM Mutual Funds so that he can pay his tuition for his violin lessons. He was able to get P12,000 from the mutual fund at an interest rate of 2.5% per annum payable for 180 days. Every 45 days, he makes a partial payment of P3,000 to the firm. a. How much does he need for his final payment? b. How much is his total interest? c. If he will not make repayments, how much does he need to pay? d. Which is better for Granger, to make repayments or to pay the loan at its maturity date? Why? 8. Claude bought a handgun worth P28,000 using a credit card. The credit was payable in 4 months at an interest rate of 4% per annum. The principal will be repaid equally in each month. a. Create a payment schedule for the credit. b. How much must he pay in each month? c. How much is his total interest? d. If he will not make repayments, how much does he need to pay