ASAP NEED STEP BY STEP SOLUTION

ACTIVITY 1 Directions: Read the problem carefully and solve what is being asked using the simple interest formula. 1. Find the interest and amount on P5,000 at 6% simple interest for 5 years? 2. How long will it take for P800 to earn P240, if it is invested at 6 -:-% simple interest? 3. Zoeren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was the simple interest rate? ACTIVITY 2 Directions: From the given problem below nd the actual time of the investment using a table and nd the future value of the investment. Problem: Find the maturity value of a P850,000 investment from May 25, 2016 to January 10, 2017 at 7.25% simple interest? Actual time Solution