EXERCISES 1. Determine the Actual and Approximate number of days in the given origin and repayment dates. Actual Time Approximate Time 1 un WN Origin Date May 22, 1995 January 06, 1997 March 03, 2007 February 04, 1990 March 02, 2005 Repayment Date July 09, 1995 November 06, 1997 October 11, 2007 November 05, 1992 November 05, 2006 4 2. Justin borrowed Php 8,600 on November 2, 1992, which is to be repaid on May 21, 1993 at 16.2% interest per year. Find the amount to be repaid. How much will the interest be at the repayment date using the following time factors? a. Bankers Rule b. Exact Simple Interest Approximate C. 360 d. Approximate 365 3. How much should Mark pay to Michele if he borrowed Php 10,000 on June 25, 2008 and if the principal and interest are to be paid on November 18, 2008 at 15% simple interest per year? Use the following time factors. a. Bankers Rule b. Exact Simple Interest Approximate 360 d. Approximate 365 C. 4. At what simple interest rate will a sum of money double itself in 15 years? 5. How long will it take for Php 4,000 to grow Php 14,000 if the simple interest rae is 12.5%?" 6. How much will Php 22,500 become if invested at 9% simple interest rate for 45 days? 7. April issues a check for Php 4,950 to settle a 4 month loan of Php 4,500. How much simple interest rate was she charged