Direction: Solve each of the problems. List down the given and show your complete solution. (10 points each) 1) Joseph borrowed Php 23.700 and after 3 years, he paid back the loan with 8% interest. How much was the interest paid. 2) The repayment on a loan was Php 13,670. If the loan was for 15 months at 12% interest a year, how much was the principal? 3) If Adam borrowed Php 300,000 from a commercial bank charging 16% simple interest, how much would he pay at the end of 3 years? 4) A 2-year loan of 3500 is made with 4% simple interest. Find the interest earned. 5) A business takes out a simple interest loan of 12,000 at a rate of 9.5%. What is the total amount the business will repay if the loan is for 3 years