Answer the following. Round off your answers to the nearest hundredths place.

1. How much interest is earned if Php120,000.00 is invested at an interest rate of 5% for 3 years. Round your answers off to the nearest hundredths.

2. Mr. Capiral invested a certain amount of money at a simple interest rate of 3.2% for 38 months. If the final amount is Php275,333.33, how much money did he invest.

3. At what simple interest rate was Php105,000 invested to earn Php43,715 after 8 years? Round your answer to the nearest hundredths.

4.For how long must Php185,000 be invested at a simple interest rate of 6.4% to earn Php12,543.25? Express your answers in terms of years rounded-off to the nearest hundredths.

5. What is the interest rate of a loan of Php30,000 if at the end of 2.5 years the amount is Php32,062.50? Round your answer to the nearest hundredths.

6.How much exact interest will Edward pay if he borrowed Php58,000 to buy a gadget if the cooperative charged him a simple interest of 7% and if he has to repay the loan for a period of 280 days?

7.How much ordinary interest will Edward pay if he borrowed Php58,000 to buy a gadget if the cooperative charged him a simple interest of 7% and if he has to repay the loan for a period of 280 days?

8. Mr. and Mrs. Santiago borrowed Php750,000 at 4.6% annual interest. They paid a total of Php258,750 as interest. For how long did they borrow the money? Express your answers in terms of years rounded-off to the nearest hundredths.

9.Carlene borrowed Php250,000 at a simple interest rate of 5.25%. If the ordinary interest on the amount is Php27,343.75, in how many days must she pay the loan?

10.For how long will Php105,000 double if the simple interest rate is at 7.3%? Express your answers in terms of years rounded-off to the nearest hundredths