b. If it was made at 16% compounded bi-monthly. [Select] [ Select] P384,186.30 P298,316.42 P494.312.42 P507,367.94 a. If it was made at a simple interest rate of 16%. [Select ] [Select] P256,000 P184,360 P149,200 P242,400 unded bi-monthly. Situational Problem. Compute the interest for an amount P200,000 for a period of 8 years a. If it was made at a simple interest rate of 16%. [Select] b. If it was made at 16% compounded bi-monthly. [Select]