Directions: Solve the following problem, and show complete solutions.

Topic: Simple Interest

1. Boboka wants to know the actual time and approximate time from Apr. 14, 1995 to Nov. 20, 1995.

2. Tanginamo placed Php 18,000 in a 240-day term deposit earning 8.5% per annum. How much will the bank pay Tanginamo on the maturity date?

3. WalangIsip wants to find the interest on PHP 65,250 at 9.5% interest from Mar. 12, 2020 to Sept. 15, 2020, using the following: ( for 25 points)

a,) ordinary interest using actual time.

b.) ordinary interest using approximate time.

c.) exact interest using actual time.

d.) exact interest using approximate time.